Acquisition expands services of £4.2m turnover performance improvement business
The performance improvement company, TALENTStream, has today announced the acquisition of Leeds-based creative design consultancy, Strive Group.
In a deal managed by Raworths LLP Solicitors, four staff members of Strive Group join TALENTStream, bringing skills in branding, experience and visualisation. Strive Group co-founder Michael Carter, takes on a newly created role of business consultant. TALENTStream acquired Strive Group for £11,000.
Forming part of a long-term strategic plan to offer a consolidation of services for clients, Harrogate-based TALENTStream now has four key service divisions in Outsourcing, Training & Development, Creative and Recruitment. It has a turnover of £4.2m, while Strive Group’s latest turnover was £1.2m.
Alistair Grant, Company Director at TALENTStream, said: “The acquisition will allow us growth into new markets, expand the opportunities within our current markets and ultimately improve the services we deliver for our customers.
“Our plans are ambitious but achievable for each service division, and we feel we’ve secured just the right team in place to help us reach those goals.
“Our new service offerings coincide with considerable growth from our core business.
“2018 was our strongest trading year on record, which comes down to a combination of securing a contract with a multi-national automobile company, our training and development service rolling out a global programme for a leading aerospace manufacturer and an increasing number of retailers working with our outsourcing department.”
Michael Carter, co-founder of Strive Group, said: “TALENTStream’s experience and blue-chip clients in the automotive industry in particular, gives our team the opportunity to take their skills and services, such as our cutting-edge 3D visualisation tool Loop, to these brands on a truly national scale.
“Equally, our existing client base includes many corporate office developments, which will benefit from the four service streams the business now offers.”
TALENTStream was founded in 2001 and is led by directors Jonathan Haig, Alistair Grant and John Gardiner.
The business now employs over 60 people and works around the globe with some of the world’s best known companies. Strive Group staff members now working for TALENTStream are: Senior Brand Designer, Ben Waterfield, Head of Visualisation, Mo Akhtar Turp and Senior Visual Artist, Ryan Blackburn.
