IPE Ventures acquires UK businesses of Staffing 360 Solutions

Boutique private equity firm IPE Ventures has acquired all businesses within the UK arm of Staffing 360 Solutions.

The NASDAQ-listed Staffing 360 portfolio includes recruitment consultancy CBSbutler and sister companies The JM Longbridge Group, Clement May and Butler Bridge & May. Specialising in expert recruitment services within the engineering, IT, aerospace and automotive sectors, “this acquisition marks a significant milestone for IPE Ventures”, the London-headquartered firm said in a statement.

Rob Harper, managing director of CBSbutler, will continue to lead the group, supported by the new investor team led by Adam Fletcher as chairperson and Mark Keegan as group finance director.

The IPE statement said that Staffing 360 Solutions opted to divest its UK businesses as part of a strategic decision to focus on growth opportunities within the US markets.

The business will be operated by CBSbutler Holdings, with headquarters remaining in Redhill, Surrey.

This will be the fourth acquisition within 18 months for IPE Ventures. “The investment portfolio now extends to over £250m of annual revenues with further acquisitions on the horizon,” IPE said.

• Comment below on this story. Or let us know what you think by emailing us at [email protected] or tweet us to tell us your thoughts or share this story with a friend.

Caremark launches eBike partnership with Eskuta to attract staff

A provider of domiciliary care has launched an eBike initiative to create new job opportunities for people without access to personal transport.

New to Market 11 April 2024

NEW TO THE MARKET: 4-8 MARCH 2024

This week’s new launches include: Connect Appointments, Eventus Recruitment Group, Granger Reis, Localyze, The Intersection Network

New to Market 4 March 2024

CONTRACTS & DEALS: 26 FEBRUARY-1 MARCH 2024

This week’s new contracts & deals include: Ford and Stanley, XPO

Contracts 27 February 2024

Granger Reis appoints Dargan to lead new digital infrastructure practice

International executive search firm Granger Reis has appointed Steve Dargan to lead its new digital infrastructure (DI) practice.

People 13 February 2024
Top