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Article Image - Clearwater International Advises Staffgroup during Cordant Group’s Acquisition
Posted 9th June 2015

Clearwater International Advises Staffgroup during Cordant Group’s Acquisition

Clearwater International Advises Staffgroup during Cordant Group's Acquisition

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Clearwater International Advises Staffgroup during Cordant Group’s Acquisition

Clearwater International Advises Staffgroup during Cordant Group’s Acquisition

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Clearwater

Marcus Archer, Advised Staffgroup

Staffgroup, the parent company of specialist recruitment brands Eurostaff, Earthstaff and Enginestaff have announced that they have been acquired by multi-brand recruitment giant, Cordant Group.

The brands will continue to operate as normal under the leadership of founders Mark Znowski and Paul Flynn.

Commenting on the takeover, Staffgroup’s joint managing directors said:

“Staffgroup will benefit from the financial backing and clout of Cordant Group, giving it significant new investment and resources to accelerate its growth plans. Both companies have committed to increasing their headcount significantly as part of the deal.”

Sid Barnes, Managing Director of Professional Staffing, Cordant Recruitment, says: 

“When I joined Cordant at the start of the year, one of my major ambitions for Professional Staffing was to establish a significant and mainstream presence within the IT and technology sector in the UK, Europe and the U.S. Today’s deal gives us a platform to do that.” 

“I’ve known Mark and Paul for over 17 years and watched with admiration as they have grown their business into a truly impressive operation. We have often talked about working together and when I joined Cordant, it became apparent that there was an immediate fit operationally and strategically, but also in terms of the personalities, the people and the culture. I am extremely excited about the opportunity that this deal offers and we will be making a further announcement soon about another significant development which adds even more to our portfolio of services.” 

Steven Kirkpatrick, CEO of Cordant Recruitment, comments: 

“We have made no bones about the fact that we want to be the number one recruiter in our specialisms both here in the UK and internationally, as well as the go-to destination for talented recruitment professionals. This is a significant step to realising our ambitions and securing another significant foothold on the international recruitment stage.”

– See more at: http://www.staffgroup.com/news/post/staffgroup-acquired-by-cordant-group#sthash.lpjWgmHp.dpuf

Categories: Finance, M&A


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