A Manchester-based IT and digital staffing firm - recognised as one of the 海角视频's best recruitment employers - has completed a management buyout and is now set to create 180 jobs over the coming years.
Energize Recruitment's co-founder and MD Craig Molloy has acquired the shares of fellow co-founder Gavin Jones to become 100% shareholder of the group.
Didsbury-based Energize Group, through its four brands, supplies niche IT and digital talent to customers across five countries, offering both permanent and contract recruitment solutions, as well as a ‘talent-as-a-service’ subscription model.
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The organisation has delivered "continued growth" since inception - and in 2021, is set to achieve over £17m in revenue from its 70 global employees.
It was recognised in May as the fourth 'Best Recruitment Company to Work For' in the Best Companies Awards, and now wants to increase its headcount to 250 by 2025.
Mr Molloy said “The MBO marks an end of an era but also a new beginning; Gavin and I together have built a very successful business over the last 15 years, and it is extremely pleasing that this transaction works well for both parties.
"I’d personally like to thank Gavin for helping create the business we have today and also wish him and his family all the best for the future. Regarding the group’s international expansion and growth plans, I couldn’t be more excited to be working with the senior leadership team to achieve and execute the group’s international expansion and growth plans."
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The MBO has been supported by funding from specialist lender Caple.
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Energize said it will achieve the next stage of growth by expanding offering in its current territories, with a specific focus on the USA and Germany.
Mr Jones added: “Energize has been my life for the last 15 years and I want to say thank you to everyone who has helped us create this very special brand.
"Craig and I started on this journey hoping to create a business that stood out in what is a crowded market, and I believe we achieved this together with a formidable team around us.
"I want to wish Craig and Energize the best of luck and I have no doubt that this next phase of growth will bring many more opportunities for everyone involved.”
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Providing corporate finance advice to Mr Molloy was Newcastle-based RGCF.
Carl Swansbury, partner and head of corporate finance at RCGF, said: “Energize Group is a great example of the high-quality British firms in the staffing sector that have successfully replicated their model overseas.
"Its customer and candidate-centric approach and high levels of workforce engagement resonate well with clients in North America, as well as in the 海角视频 & Europe, which will enable Craig and the team to maintain the growth trajectory of the business.
“It has been a true pleasure advising Craig over recent years, and indeed on this MBO, and I look forward to continuing to work with him and the management team as they continue to scale Energize internationally over the coming months.”