Speaking to Recruiter last week [5 July 2024] about the acquisition that is said to have been finalised last week, TXM Group CEO Andrew Midgley said: “They [Petroplan] were looking for some investment and looking for a partner that could allow them to take on the next stage of their growth. And I think that it was down to the people, lots of common goals, and it allowed us to enter an oil & gas market that we want. 

“It’s an energy market that we’ve been looking to enter for a period, and we’ve had a couple of false starts. But,” he continued, “it actually gave us that ability to enter a different market space and gave us additional strength within the US and Canada, which we were looking for, and allows some diversification in Canada.”

This latest acquisition also builds on the North America strength of TXM’s acquisition late last year of Talent Works, which provides talent mapping, employer branding, MSP, RPO and other services. 

Neil Purcell, CEO of Talent Works, told Recruiter that his organisation has teams across both the East and West Coasts of North America. “We’ve just gotten a very large sort of global contract on the MSP side, of which a large percentage is across the [United] States. So they [Petroplan] allows us another base, another platform to continue to build out across [North America]. It’s been an exciting journey there.” 

Midgley said that TXM’s acquisition of Petroplan will expand the latter’s operations to Australia, where it previously was not represented, “because of our presence that we’ve had for 13-14 years. So again, this works for both organisations based on our structure and our geography”. 

The initials of the group’s name, TXM, stand for ‘The eXtra Mile’.

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