Trust Tech eyes controlling stake in gap personnel group

Japanese-listed staffing company Trust Tech has announced plans to acquire a controlling 75% stake in gap personnel group.

The UK blue-collar recruiter, which was founded by Gary Dewhurst (pictured), owns and operates a portfolio of companies that provide temporary and permanent staffing and training solutions across the fast moving consumer goods (FMCG), warehouse & logistics and manufacturing sectors from 45 locations across the UK, employing 240 staff and covering more than two million shifts for more than 1,500 companies each year.
The group’s existing management team, led by group managing director and shareholder Mark Roberts, will remain with the business, working closely with Trust Tech to further expand the group across the UK and Europe.

As part of the investment, Trust Tech revealed it will provide “significant” growth capital to enable the group to grow further, both organically and through an enhanced acquisition programme.

Advising on the acquisition, on behalf of gap personnel group, is Carl Swansbury, partner at Ryecroft Glenton Corporate Finance, supported by Alex Simpson. Tax advice is being provided by Ryecroft Glenton’s Simon Hopwood and Charlie Burton. Legal advice is being provided by Simon Herbert from Bevan Rose Solicitors.

Terms of the deal are yet to be disclosed.

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