Dewsbury specialist recruitment firm acquired for £7m

Qualtech Resourcing Limited, which specialising in engineering, technical, manufacturing, construction and commercial recruitment, has been acquired for £7m by Birmingham-headquartered Capital Outsourcing Group.

The acquisition, completed with support from a £2.4m funding deal from HSBC, will add 31 new clients to Capital’s roster. It is projected that the expansion will provide a turnover increase for the company from £25m £35m.

Based in Dewsbury, Qualtech Resourcing Limited was identified by Capital as an efficient route to expand in the North.

Qualtech Resourcing Limited and Capital share a similar approach to recruiting temporary staff, including providing sector-specialists and tailor made service to its clients.

Richard Sobol, owner of Capital Outsourcing Group, commented: “Qualtech Resourcing Limited very much mirror what we do here at Capital – they were an ideal fit for us as we look to expand and we are confident they will make a great addition to our business.

“This acquisition will enable us to firmly establish our Northern offering and provide seamless entry into new markets, which have the potential to provide future growth opportunities.”

Markus Keller, area director for corporate banking in Birmingham, added: “Capital Outsourcing Group is a dynamic business, keen to build upon its strong foundations in the Midlands. The funding provided by HSBC has helped Capitol’s expansion into the North region, putting them a step closer to achieving its goal to become one of the leading suppliers of temporary and contract staff in the UK within the next five years.”

Birmingham-based accountancy practice Michael Dufty Partnership (MDP), provided the lead advisory role for the acquisition and assisted in preparing the funding package for presentation to HSBC.

Arran Jones, director at MDP, also said: ’‘This is an exciting time for Capital and I look forward to providing continued financial support and strategy to the ever expanding group.’’