Recruitment firm undergoes MBO

A MIDLANDS recruitment company with bases in Birmingham and Coventry has undergone a successful MBO.

The deal sees the two managing directors of Nottingham-based, Linsco, take over the business to steer its future growth.

The two MDs – Matt McGregor and Chris Lee – have bought out their chairman, Jeff Elliott.

Linsco, which last year was unveiled as the fastest growing recruitment company in the East Midlands Top 200, also operates out of London, Warrington, Glasgow and soon to be opened Leeds and Edinburgh. It recorded a turnover of £23m to 2015, up 10% on 2014.

Mr McGregor said: “This is a very significant moment for the business. Chris and I bought into Linsco back in 2002 and we have worked tirelessly to get the business into the healthy position we are in now. We’ve seen huge changes in economies and legislation, ridden up turns and recessions but throughout that we have always had a commitment to maintaining the highest possible standards of service.

“On the back of that, our growth has been entirely organic. In recent times we have really started to grow significantly, opening offices across the length and breadth of the country, especially where our key sectors are thriving, for example in the North West with civil engineering and construction, and into Scotland.

“The real catalyst has been sheer hard work by the whole team and to have the courage of our convictions to invest in a recovering jobs market.”

Linsco offers recruitment solutions within New Build Construction & Refurbishment, Civil Engineering, Utilities & Facilities Management, Property & Social Housing, Shopfitting and Secretarial & Administration.

The deal was supported by a raft of local professional services expertise with Smith Cooper and Shakespeares advising Linsco on the deal.

Smith Cooper’s James Bagley, managing partner of the Nottingham office, said: “Having worked with Linsco for a number of years, we are proud to have guided them towards achieving their growth ambitions, through this MBO.

“We are looking forward to strengthening our relationship with Linsco as they move into a new chapter with their business. There is no doubt that their dynamic growth ambitions match those of the current recruitment market and we wish them well with their future plans.”