Training firm expands in the south
A NORTH West training business has snapped-up a southern firm in a deal adding £3.5m to its annual revenues.
GP Strategies Training, based in the Bredbury near Stockport, has acquired Berkshire and London-based Jencal Training and its subsidiary B2B Engage.
GP Strategies, a wholly owned subsidiary of NYSE-listed US parent company GP Strategies Corporation, said the strategic deal would be earnings-engancing in the current financial year.
Jencal Training is an approved Apprenticeship training agency. B2B Engage is a national independent learning provider with offices in Greenwich and Berkshire.
Scott Greenberg, chief executive of GP Strategies, said: “This acquisition further expands our capabilities, helping people and businesses to access the skills training they need to succeed. It strengthens our position as a major provider of skills training in the UK.”
“The acquisition increases GP Strategies’ 2015-2016 maximum UK government funded contract values to $28m (around £20m) per year and further strengthens GP Strategies’ position as a major provider of skills training in the UK.”
Law firm Hill Dickinson’s Manchester office and DTE Corporate Finance advised on the deal.