Templine looking for acquisition targets after doubling revenue

RECRUITMENT firm Templine Employment Agency is on the search for acquisition opportunities.

The Birmingham agency has doubled its revenues since securing a £4.3m investment from private equity house Key Capital Partners (KCP) in 2007 and is now on the lookout for ways to grow the business.

Templine is a specialist provider of temporary labour to customers in the distribution, warehousing and industrial sectors. It works closely with its customers through its “Onsite” branches that are dedicated to the needs of a particular client. It also operates six high street branches in the Midlands and South East.

In November 2007, KCP backed the management buyout of Templine.The firm’s revenues have risen from £15.6m then to £31.5m in 2011. The business was ranked as the UK’s 21st fastest growing staffing company in 2012 by Recruiter Magazine and the second fastest in its sector.

Owen Trotter, managing partner at KCP and board director at Templine, said:
“Despite the difficult conditions in the logistics and distribution sector, Templine has bucked the trend with impressive growth and an increase in market share.

“We remain on the lookout for opportunities to expand the business both organically and through acquisition.”
 
Tony Bucciero, managing director at Templine, said: “It has been an exciting journey building Templine into what it is today and we look forward to more success in the future.”