A YORKSHIRE-based recruitment firm has completed an acquisition which takes its turnover beyond the £30m barrier.
Major Recruitment Group, which is based in Huddersfield, West Yorkshire, has snapped up Torus Recruitment, which has offices in Doncaster and Newton Aycliffe for an undisclosed sum.
Major has a particular focus on the industrial, logistics, healthcare and engineering sectors.
The acquisition creates a group with 75 employees, and strengthens Major Recruitment’s presence in South Yorkshire. It also has plans to launch a Liverpool office, and continue on the acquisition trail.
Phil Bottomley, the managing director of Major Recruitment, said: “Our strategy of organic and acquisitive growth in new markets enables us to provide unique multi-sector solutions to our clients.”
Established in 1995 by Will Mora, Torus has 10 staff and a turnover of around £6m.
Dan Summerfield, of Panacea Investment Group, provided advisory services to Major Recruitment.
Mr Summerfield said it was an excellent acquisition for Major, because it would help the firm move into new territories and new sectors. The deal will also improve services to the firm’s existing clients, Mr Summerfield added.
Other advisors on the transaction included the law firm Schofield Sweeney, which has offices in Leeds and Bradford, Paragon Financial Management and Leeds-based Clarion Solicitors. Funding for the transaction was provided by ABN AMRO.