Berry Recruitment Group acquires FRS
Berry Recruitment Group (BRG) has acquired First Recruitment Services (FRS), it has announced.
FRS works from three locations in Sussex; Brighton and Hove, Horsham and Haywards Heath.
It means BRG has a presence right along the south coast from Cornwall, through Devon and Dorset into Southampton, Gosport, Portsmouth, Sussex and Kent.
The deal, for an undisclosed sum, will add around £6m to BRG’s turnover which last year came in at just under £70m, with its profits before taxes, depreciation and amortisation (EBITDA*) up 49 percent.
FRS’s business employs 17 staff at its three branches and was targeted due to its focus on the office and light industrial sectors.
When commenting on its accounts in March, BRG chairman Tony Berry said the company would focus on organic growth and make targeted acquisitions.
Managing director Chris Chown said: “FRS is led by Claire Sipple and she is supported by a very strong and experienced senior management team.
“The company’s financial figures were impressive as were the staff who have grown it over the years. We’re grateful that FRS’s managing director, Andrew Kaltz, will be staying on as a consultant.
“After the interruption of Covid we were keen to get back on track with the planned growth of BRG through organic means and acquisitions.
“This deal shows our commitment to developing the group.
“Our other acquisitions have bedded in well and that has helped us become a national company that works from nearly 40 locations in England and Wales.
“We remain focused as a group on sourcing candidates, who remain scarce, and investing in innovation, such as our BuzzHire and Berry Recruitment apps.”
BRG is headquartered in St Albans, Herts.