Recruitment group bought by Staffline
MILESTONE OPERATIONS, a £39.7m turnover recruitment group, has been acquired by Staffline.
Milestone, which has its North East regional office in Harworth, in the Sheffield city region, specialises in placing professional drivers, warehouse staff and industry experts within the transport, distribution and utilities sectors. It has offices across the country, including six in Yorkshire.
The last available accounts for Milestone, to April 30, 2014, show that the firm turned over £39.7m, up nearly 25% on the year before.
The firm’s logistics business however performed below expectations, which contributed to a dip in pretax profit to £175,000 from £365,000 the year before.
Milestone services client sites throughout the UK with dedicated teams based at six operating centres,, with a focus on LGV/HGV jobs as well as forklift, warehouse, office and technician jobs.
The acquisition was described as an “attractive strategic fit” with Staffline’s existing driving division, Driving Plus, strengthening the Group’s geographic reach across the UK, as well as bringing a blue chip client base.
The acquisition is being funded from the group’s existing bank facility.
Andy Hogarth, chief executive of Staffline, said: “We are constantly looking for bright, talented businesses to join the Staffline Group. Milestone is not only an expert in the driving market, which is a key focus for growth, but its culture of training and developing its employees while providing the most efficient services for its clients is a perfect match for Staffline.
“The combination of the two businesses creates one of the largest specialist driving recruitment businesses in the UK and will position us strongly in this growing market.”