Morson Group announces majority investment by Onex Partners
UK-based engineering and technical recruitment firm Morson Group has announced the completion of a majority investment by Onex Partners (Onex).
The move is designed to accelerate Morson’s growth and expand its global footprint.
The strategic investment, made in collaboration with Morson Group founder CEO Ged Mason and members of the management team, marks a pivotal moment in Morson’s 55-year history, the company said in an announcement on Monday [5 February 2024].
Headquartered in Salford, Morson Group is a key player in the engineering and technical recruitment sector, with operations spanning the UK, US, Italy, Canada and Australia.
Morson’s services includes contingent workforce solutions, permanent recruitment, recruitment process outsourcing (RPO), and engineering consultancy and design services. The company employs more than 1,500 professionals across 60 locations, catering to industries, including aerospace, defence, rail, IT and technology, marine, nuclear, multi-disciplined engineering, professional services, construction and manufacturing.
The alliance with Onex Partners aligns with Morson’s mission and vision, both companies said. Nigel Wright, co-head of Onex Partners, said: “We are attracted by the company’s growth profile, corporate culture and multiple opportunities for value creation going forward. Most importantly, we are delighted to be partnering with Ged Mason and his management team, to continue building on what they have accomplished.”
Mason said Morson had “found a true partner in Onex, a team whose values are aligned with ours. Onex shares our vision. It has an impressive track record of helping companies to grow and we are confident about the contribution our new partner will make to achieving our goals. Equally important, this collaboration will empower us to foster career opportunities and development for our ever-growing Morson Group family”.
Founded in 1984, Onex is an investor and asset manager that invests capital on behalf of Onex shareholders and clients across the globe.
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