Air Energi moves into New Zealand market
RECRUITMENT group Air Energi is targeting the New Zealand market after acquiring recruitment consultancy Inspirec.
Founded in 2010 by Aidan Stoate and Amy Richardson, a brother and sister team originally from the UK, Inspirec specialises in supplying petroleum, engineering and construction professionals.
The value of the deal was not disclosed.
Mr Stoate said: “We have built a successful business over the last four years, during which we have achieved year-on-year growth. Inspirec has established an excellent reputation locally in New Zealand, and developed a positive position as the leading specialist recruiter for the region’s energy industry.
“We are passionate about developing strong and lasting business relationships with our customers, and with Air Energi on board the team will be looking to further increase its client base across New Zealand.”
Matt Smith, vice president of Australasia at Air Energi, said: “New Zealand’s energy sector is rapidly expanding and evolving. This means there is a significant opportunity for our workforce solutions in what is still a relatively uncontested market place. Expanding into the region was a logical step, and it makes sense from a global and regional account perspective. Many of our clients are now operating in the region and we expect several others to follow.”
Manchester-based Air Energy was the subject of a management buyout backed by LGV Capital in late 2012. The deal represented an exit for Palatine Private Equity.
