North West recruitment firm makes another acquisition
Specialist recruitment firm Morson has bought a rival firm for an undisclosed amount.
The Salford based technical, aerospace and rail specialist has announced the acquisition of technical recruiter Anderselite.
Morson issued a statement on the deal this afternoon.
The firm said under the agreement Anderselite will become a wholly owned subsidiary within the Morson Group.
Anderselite specialise in recruitment in the construction and rail sectors.
The company will keep its own brand and contracts while working alongside other Morson Group companies.
The deal has the full support of the management teams of both companies.
Legal and financial advisers on the transaction to Morson were Beyond Corporate and Deloitte, while advisers to Anderselite were Shoosmiths, Fiander Tovell and Meridian Corporate Finance.
Terms of the deal and how much Morson paid were not disclosed.
Earlier this year Morson has acquired Canadian firm Strategic Infusion.
Morson said that the acquisition strengthened its position in North America and in sectors such as power, telecommunications and engineering.
Ged Mason, chief executive of of Morson Group, said: “We are delighted that the team at Anderselite are joining the Morson Group.
“Anderselite has an extremely strong brand within the UK and specific expertise in the civils, maintenance, rail and construction markets.
“The addition of Anderselite to our portfolio means we are well placed to service the future growth expected in these sectors while consolidating our market leading position in rail.
“We would like to welcome our Anderselite colleagues to the Morson Group family and look forward to a prosperous and exciting future together.”
Simon Trippick, chief of Anderselite added: “Right from the start of this process our objective was to find a partner whose values and approach matched our own.
“This is a very exciting time for everyone at Anderselite and our team is looking forward to joining the Morson Group.
“This deal will allow our business to grow and develop within one of the UK’s most respected recruitment groups to the benefit of all our stakeholders.”
Legal and financial advisors on the transaction to Morson were Beyond Corporate LLP and Deloitte LLP and advisors to AndersElite were Shoosmiths LLP, Fiander Tovell LLP and Meridian Corporate Finance.