Training firm expands in the south

A NORTH West training business has snapped-up a southern firm in a deal adding £3.5m to its annual revenues.

GP Strategies Training, based in the Bredbury near Stockport,  has acquired Berkshire and London-based Jencal Training and its subsidiary B2B Engage.

GP Strategies, a wholly owned subsidiary of NYSE-listed US parent company GP Strategies Corporation, said the strategic deal would be earnings-engancing in the current financial year.

Jencal Training is an approved Apprenticeship training agency.  B2B Engage is a national independent learning provider with offices in Greenwich and Berkshire.

Scott Greenberg, chief executive of GP Strategies, said: “This acquisition further expands our capabilities, helping people and businesses to access the skills training they need to succeed. It strengthens our position as a major provider of skills training in the UK.”

“The acquisition increases GP Strategies’ 2015-2016 maximum UK government funded contract values to $28m (around £20m)  per year and further strengthens GP Strategies’ position as a major provider of skills training in the UK.”

Law firm Hill Dickinson’s Manchester office and DTE Corporate Finance advised on the deal.

Click here to sign up to receive our new South West business news...
Close