nGAGE acquires GCS Recruitment Specialists
Recruitment group nGAGE Specialist Recruitment has acquired technology staffing specialist GCS Recruitment Specialists. GCS operates from London, Reading, Dublin and New York.
nGAGE group CEO Tim Cook, who supported existing GCS’s management team in its buy-out from founder Chris Bartlett (group CEO), said the move would help nGAGE begin its international “adventures”. Cook said: “New York is a very cool place to do business and Dublin clearly is a gateway to Europe regardless of what Brexit brings. I'm genuinely thrilled at this latest addition to the group.”
Commenting on the deal, GCS managing director David Bloxham said nGAGE would provide “significant” capital enabling the firm to expand both its UK and international businesses, adding: “The growth of the business under the guidance of our founder Chris Bartlett has been significant but this move will allow us to move into a different league. As a team this is our opportunity to double the size of GCS and achieve something very special."
Along with Bloxham, the MBO was supported by sales director Lisa Forrester and the GCS senior management team, who will all continue in their roles.
Due diligence was carried out by RSM Corporate Finance, with legal advice provided by Mishcon de Reya and Boyes Turner acting for Chris Bartlett.
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