Manchester recruitment consultancy snapped up by Cheshire investment firm
Manchester-based financial and accountancy recruitment consultancy, Axon Moore, has been acquired by Altrincham company, CorpAcq.
The investment firm has purchased a majority stake in Axon Moore, which has offices in Manchester, Stockton Heath, Chorley, Leeds and Sheffield.
Axon Moore specialises in supporting ambitious businesses in recruiting c-suite leaders and building dynamic teams.
Its recent financial performances have been strong, recording an 11% annual increase in revenues in FY24.
Founded in 2006 by Simon Orange, CorpAcq is a private investor that backs well established, stable, and cash-generative SMEs across the UK.
Its portfolio includes more than 40 companies, delivering strong organic growth, with combined revenues of £697m and adjusted EBITDA of £119m in FY23.
Earlier this year, CorpAcq secured investment from European private equity firm, TDR Capital, to support future acquisitions.
This latest deal aligns with CorpAcq’s long term strategy of partnering with established businesses that are led by solid management teams and can demonstrate strong financial performance.
The Axon Moore leadership team will remain in place, while joining the CorpAcq portfolio will give them access to expertise and resources from the larger group as they look to continue their significant recent growth.
David Moore, CEO and founder of Axon Moore, said: “This partnership is a major milestone for us.
“For decades we’ve been helping people achieve more – supporting ambitious businesses on their growth trajectories and placing the best talent into career-defining roles.”
He added: “We have a deep understanding of the pressures that high growth businesses are under, and the pace and commitment they need from their partners.
“This focus has seen us build a strong foundation of partnerships with some of the most successful businesses across the country and, as we enter this next stage of our journey, we’re looking forward to harnessing CorpAcq’s knowledge and expertise to drive even greater success.”
