Bluestones Investment Group Limited is continuing on its acquisition trail, now announcing a multi-brand acquisition deal for the recruitment businesses from PACE Investments Group Limited.
Following the recent announcement of the acquisition of HOME and ARC (read news release HERE) this latest deal represents the largest acquisition ever completed by Bluestones – in terms of number of staff, number of brands, and the collective turnover from the acquired businesses.
As Steve Pendergast, Group CEO commented,
“The acquired companies will be a key factor in driving the combined performance of Bluestones as we continue to strive toward our vision of becoming a £1bn revenue business. We believe there are significant upsides available to bringing these businesses into our portfolio, and that through our streamlined and efficient services and processes, we can further optimise these companies, improve their profitability, and help them scale”.
This acquisition is an evolution of our plan to build distinct divisions within our Group that sees us developing services and companies focused on ‘all things recruitment’, and further building our dedicated investment division.
Which companies are being acquired
The acquisition deal is for the following companies:
When this deal completes there will be 24 recruitment and staffing services businesses within the Bluestones Group’s portfolio.
Matt Cody, Bluestones Group’s Investment CEO commented,
“Whilst the Group will continue to target growth through its proven approach of organic expansion, tactical bolt-ons, and strategic acquisitions in its core portfolio, the investment division will invest in new start-ups and opportunistically acquiring businesses that fit with our investment criteria”.
More information about the Bluestones Group is available on its website here: www.bluestonesgroup.co.uk
