Newcastle's RG Corporate Finance advises on buy out of Midlands recruitment firm

Newcastle-based, RG Corporate Finance has advised on the successful buy out of East Midlands-based recruitment specialist, Impact Recruitment Ltd.

Founding director, Paul Hooper has become the sole shareholder of the company after acquiring his fellow founding partner Neil Kitchener’s shareholding in the business.

Impact Recruitment Ltd was founded in 2002 by Paul and Neil along with Nigel Buller.

Paul Hooper said: “Neil, Nigel and I have built a successful business, which I am keen to continue to develop by increasing our position in our key markets.

“We have a talented team, with great experience and knowledge who will be instrumental in our future growth as we develop our relationships with new and existing clients, whilst strengthening our portfolio of candidates.

“I wish Neil well for the future and thank him for the part he’s played in establishing and growing Impact Recruitment.”

After the firm’s initial growth, Nigel subsequently sold his shares in the business to Paul and Neil, but has remained with the company as an employee helping to deliver its range of services.

The company, which has offices in Northampton and Wellingborough, specialises in placing temporary and permanent talent with employers operating in industrial and commercial sectors, including engineering and technical positions.

Funding for the multi-million-pound buyout was provided by Allied Irish Bank (GB).

Following the buyout, Impact Recruitment has also selected Allied Irish Bank (GB) to provide day to day banking facilities to the business, along with a working capital line.