More acquisitions on the way for Jarell Group as it builds up to flotation

Jarell Group’s acquisition of specialist social care recruiter Aurora Resourcing is just the first of many more as it builds up to a flotation in 2020, the group’s commercial director has told Recruiter.

James Cronin told Recruiter that the group planned to do “three or four acquisitions each year” up to 2020, by which time he expected group turnover would double to £100m.  

Cronin said the group also planned to open a European arm in January through a joint venture with a recruitment company in Romania.

The group’s strategy of a combination of organic growth and acquisitions has seen a more than six-fold increase in its sales in the last four years. The group currently employs between 60 and 70 staff, said Cronin. 

Cronin said the acquisition of Aurora Resourcing fitted in perfectly with its strategy of moving into increasingly niche sectors. Social care was particularly attractive because of the UK’s “ageing population and understaffed marketplace”. The company said it expected the deal would boost group turnover by in excess of £3m.

Richard Sobol, CEO of Jarell Group, said he was confident Aurora “will make a great addition to our business” and “enable us to firmly establish our social care offering and provide seamless entry into new markets, which have the potential to provide future growth opportunities”.

The deal was completed on 6 November.

The acquisition is Jarell Group’s third in the past 18 months. In 2016, it acquired Qualtech Resourcing, followed 12 months ago by specialist pharma recruiter Capital Pharma.

It has also entered into a joint venture with Huddersfield-based technical, engineering and manufacturing recruiter Go Resourcing.

• Comment below on this story. You can also tweet us to tell us your thoughts or share this story with a friend. Our editorial email is recruiter.editorial@redactive.co.uk

Twitter Twitter

Up to 800m jobs could be lost to automation, says McKinsey

Up to 800m workers worldwide could lose their jobs as a result of automation by 2030, according to research by consultants McKinsey.

30 November 2017

FINANCIALS: Impellam expects earnings to be down

Impellam Group says it expects full-year earnings to be slightly below expectations, according to a trading update.

Financials 16 November 2017

Confidence falls for third month in a row says JobsOutlook survey

Confidence in the UK economy has fallen for the third consecutive month, according to the latest ‘JobsOutlook’ survey by the Recruitment & Employment Confederation (REC).

25 October 2017

Sturgeon launches campaign to encourage school leavers into childcare

Scotland’s First Minister Nicola Sturgeon has launched a recruitment campaign aimed at encouraging school leavers into nursery and childcare careers.

24 October 2017
Top