The corporate finance team of North West accountants and business advisors, Cowgill Holloway, has advised the management of specialist recruitment provider, Neville Gee Limited on the sale of the business to Salford based Ideal Recruit for an undisclosed sum.
Employing 12 staff from their Burnley headquarters, Neville Gee have been in filling temporary and permanent job vacancies across the engineering and technical, industrial, financial, sales and aerospace sectors for over 40 years.
Ideal Recruit, places candidates across the business and industrial sectors throughout the UK and works from offices on Salford Quays, this is their first acquisition in their buy and build strategy in the recruitment sector. The purchase of Neville Gee means they can now drive the business forward to achieve their ambition to become a UK leading provider of interim and fixed term contract staff.
Commenting on the deal Tim Oldfield, Director at Neville Gee said ‘Paul Stringer and the team at Cowgill Holloway were highly professional, and worked tirelessly to complete this complex transaction. Neville Gee is a perfect fit for Ideal Recruit and I am sure the wealth of knowledge and experience that Neville Gee team brings will assist with their future development.”
The Cowgill Holloway team was led by Corporate Finance Partner, Paul Stringer and supported by Robin Prestage.
Commenting on the sale, Paul said: “The firm has grown steadily since the early 1970’s in what is a highly competitive market. This deal will provide the new management team with the resources to further grow the business and develop new revenue streams.”
The vendors were advised by law firm Fielden Marshall Glover Strutt, while the buyers were advised by solicitors Bowcock Cuerden LLP. Funding for the deal was provided by Bibby Financial Services.
Disclaimer
The information was correct at time of publishing but may now be out of date.
