TIDMSTAF
RNS Number : 6829Y
Staffline Group PLC
07 March 2017
For Immediate Release 7 March 2017
STAFFLINE GROUP PLC
("Staffline" or "the Group")
Acquisition of Oak Recruitment
Staffline, the Staffing and Employability organisation, today
announces the acquisition of Oak Recruitment, the recruitment firm
based in the Republic of Ireland that specialises in industrial
recruitment on a temporary and contract basis.
Established in 2006 and now with premises in Cork, Dublin and
Limerick, Oak Recruitment has been supplying staff to the
industrial supply chain for 11 years and brings with it specialist
recruiters with in-depth knowledge and experience, and shares
Staffline's dedication to work closely with its clients to listen
to what they need and deliver on it.
The acquisition supports Staffline Ireland's aim to build and
develop the most reliable and integrated workforce across the
island. With a number of large blue-chip clients, Oak Recruitment
will help further extend the Staffline network across Ireland.
Shane Hanrahan, the current MD and owner of Oak Recruitment,
will remain with Staffline after completion of the acquisition. He
will be responsible for the delivery of the existing Staffline
business in the Republic as well as integrating Oak into Staffline.
The Staffline businesses include Diamond Recruitment and PeoplePlus
NI and are led by Ireland's Group MD, Tina McKenzie.
The acquisition is expected to be earnings neutral in the
current year and earnings enhancing thereafter and is being funded
out of Staffline's existing bank facilities.
Andy Hogarth, Chief Executive of Staffline, commented:
"We are thrilled to announce this strategic acquisition in
Ireland, following on from the acquisition of Diamond Recruitment
in Northern Ireland announced in 2015. As well as bringing an
extensive network of connections and resources, Shane Hanrahan, the
owner of Oak Recruitment heading our business in the Republic, will
further enhance our position as a leading creator of jobs and new
ideas in the recruitment and employment sectors in Ireland."
For further information, please
contact:
Staffline Group plc
Andy Hogarth, Chief Executive 07931 175775
Chris Pullen, Group Chief Financial
Officer 07786 265344
www.staffline.co.uk
Liberum Capital
NOMAD & Joint Broker
Steve Pearce/ Richard Bootle
www.liberumcapital.com 020 3100 2222
Berenberg
Joint Broker
Chris Bowman/ Marie Stolberg 020 3465 2722
www.berenberg.com
Buchanan
Richard Oldworth / Jamie Hooper/
Jane Glover 020 7466 5000
www.buchanan.uk.com
About Staffline
Staffline is a leading outsourcing organisation providing
services, mainly in the UK, to both Government and commercial
customers. The Staffing division supplies up to 51,000 workers per
day to more than 1,500 clients. Using the skills we have developed
and learned within Staffing we have developed a second division,
PeoplePlus, and have become a leading provider to both Central and
Local Government, offering a wide range of services to help and
support in the Employability (Welfare to Work), Communities and
Skills arenas.
Staffing Services
Specialising in providing complete labour solutions in
agriculture, food processing, manufacturing, e-retail, driving and
the logistics sectors, the recruitment business operates from over
350 locations in the UK, Eire and Poland.
The Staffing brands include:
-- Staffline OnSite, based on clients' premises and providing
both blue and white collar, out-sourced, temporary workforces
-- Select Appointments, a high street branch-based operation
providing white collar office staff, operated entirely on a
franchised basis by independent business owners
-- Staffline Express, a high street branch based operation
-- Driving Plus, providing HGV drivers to the driving industry
-- Staffline Agriculture, providing workers to the UK farming and horticulture sectors
PeoplePlus (previously Employability)
Trading under the PeoplePlus brand, Government contracts
include:
-- Work Programme, prime contractor in nine regions and
sub-contractor in three regions in England
-- Steps to Success, prime contractor in Northern Ireland
-- Youth Guarantee (MyGo Centre), supporting youth employment in the Ipswich area
-- Building Employment through Education, working in Schools in Northern Ireland
Training services:
-- Skillspoint, a procurement consultancy specialising in
helping employers benefit from government-funded, work-based
training
-- Prime contractor to the Skills Funding Agency delivering
Apprenticeships and Classroom Based Learning across the UK.
Community services:
-- Ministry of Justice, Transforming Rehabilitation in
Warwickshire and West Mercia, helping to transform rehabilitation
and probation services
-- OLASS, delivery of training to prisoners in nine prisons in the East of England
-- Independent Living Services, supporting 3,000 disabled people lead independent lives
-- Visitor Centers for the Northern Ireland Prison Service
-- Careers Hubs in Stoke and Staffordshire
This information is provided by RNS
The company news service from the London Stock Exchange
END
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