De Poel to become part of US firm’s empire
The Cheshire-headquartered independent recruitment outsourcing company de Poel is to be acquired by US company Geometric Results Inc.
GRI is a wholly-owned subsidiary of MSX International, the world’s largest independent managed service provider with $4bn in managed non-employee labour spend and clients in more than 70 countries in a deal put together by Bain Capital Private Equity.
De Poel manages a temporary recruitment spend of more than £750m and has relationships with 3,500 recruitment agency partners, service upwards of 120 private and public sector clients via its neutral vendor solution supported by its own technology platform, e-tips.
By combining with GRI, de Poel is positioned to provide neutral vendor services to an even broader array of industries on a global scale, as the world’s largest pure play neutral vendor.
De Poel chief executive Andrew Preston will continue in his role as UK CEO.
He said: “Partnering with a vendor neutral, independent partner is a highly-effective outsourcing strategy for our clients.”
“This is why so many household names in the UK choose to trust the management of their non-employee workforce to us. We are very excited to join with GRI. The acquisition will allow us to move more quickly to broaden the scope of our services for our existing and future clients.”
Art Knapp, president of GRI, said: “Together, GRI and de Poel are the world’s largest independent MSP provider. de Poel’s commitment to operate as a vendor-neutral MSP mirrors GRI’s service offering.
“Since neither company is affiliated with a staffing firm, each creates individualised, strategic solutions for every client. Merging de Poel and GRI creates a leading global extended workforce solutions provider with a strong US and European presence.”
Charles Megaw, operating partner at Bain Capital Private Equity echoed his view when he said: “We are pleased to welcome the de Poel organisation to our portfolio. The immediate benefits to GRI will be to increase our geographic diversity, branch out into more industry sectors, and broaden our customer base.
“When completed in later this month, de Poel will be our first acquisition following the purchase of MSXI a year ago, fulfilling our commitment to organic growth and strategic investments.”
