Bluestones Group acquires Dynamite Recruitment

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Bluestones Group has completed another strategic acquisition, with Dynamite Recruitment becoming the latest business to join the Group’s portfolio of recruitment and staffing services businesses.


Coinciding with the move, Fran Curtis and Katie Dalgleish – with nearly 20 years’ collective tenure with Dynamite Recruitment between them – will become joint Managing Directors. Headquartered in Portsmouth with 11 employees, Dynamite Recruitment is a successful multi-sector recruitment company, originally established in 2011. The Dynamite team recruit temporary and permanent personnel across the commercial, retail, technical, accountancy & finance, and financial services sectors; and provides RPO and outsourcing support for selected clients too.

Bluestones Group CEO, Steve Pendergast commented:

“Acquisitions continue to be one of the three primary growth vectors for the Group. Dynamite is well-structured, has strong client and candidate relationships, and we believe that with our support and investment can continue to grow at pace. I look forward to seeing the business evolve and scale”.

Divisional CEO, Matt Cody commented:

“We identified Dynamite Recruitment as an acquisition target and have worked at pace to complete the deal quickly, acquiring 100% of the business. Bringing the business into the Bluestones portfolio, we will work the new joint Managing Directors Fran and Katie to fully integrate the company into the Bluestones Group world and support its future growth”.

Bluestones Group has been firmly on the acquisition trail this year, and this is the eighth such business that has been acquired this calendar year. Bluestones invests in recruitment and staffing services businesses and has developed an enviable portfolio of over 30 businesses across a range of sectors and locations.

bluestones group dynamite acquisition

About Bluestones

Bluestones Investment Group invests in staffing service companies. We operate a balanced portfolio of businesses in specific divisional sectors and are always keen to receive investment enquiries.

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What you need to know

Although our existing brand portfolio operates across five core sectors, we’re not restricting future investments to just those. If you have a good proposition and a believable plan, that’s half the battle – so talk to us today about how we can help.

We’ve refined our start-up process so that we can typically launch a new recruitment business, fully set up with all the necessary branding, systems, and accounts, within a matter of weeks. 

Firstly, we need you to submit your investment enquiry. You can do that HERE.

 

As long as there’s sufficient detail in there, our Investment Director will review your proposal. All investments submitted will receive personal feedback.

 

After that, if your investment meets our criteria, our Group CEO and CFO will review and sign off on the investment and we’ll get heads of terms and shareholder agreements drawn up. As an equity stakeholder in your new business, it’s important we get this all agreed up front.

Our investment criteria is fairly simple; we’re looking for the following:

 

  1. A realistic budget.
  2. Demonstrable knowledge in your location(s) and sector(s).
  3. Proven sales growth and track record.
  4. A structured plan for your new business.
  5. A vision for how you want to develop your business.

We expect you to have at least 3-5 years’ experience in your chosen sector. We need to have confidence that you understand your market and have a well-developed network of clients and candidates.

We offer one of the best all-round investment and support packages available for recruiters and recruitment businesses. From providing all of the upfront funding, guaranteeing salaries, providing office premises, full provision of IT equipment and services, and all the support services you need, including IT, legal, HR, Finance, etc.

We’re focusing on recruitment businesses within the UK right now and already have established recruitment hubs in Birmingham, Chester, Leeds, Liverpool and Manchester – with other offices around the country. 

 

As long as you’re based in the UK, you can trade wherever, and we can support you.

We invest in businesses that we believe can be successful. That means a business that can scale and grow at pace, that is typically break-even in year one of our investment, and ready to exit in year three, or preferably join our core recruitment business portfolio for further growth, increased value, and wealth creation. 

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Matt Cody

Investment Division CEO

“We have a proven approach to investing in the recruitment sector, scaling businesses rapidly, and creating value. Let's talk."

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