• Jordan Hastie

Saalbach Equities Acquire Progress Recruitment

Saalbach Private Equity is delighted to announce the acquisition of Progress Recruitment Solutions. Progress Recruitment Solutions is a specialist recruiter for the automotive industry and was originally founded in 2011 by Laura Rycroft and are committed to re-defining service in recruitment and driven by success .

This is the third investment Saalbach have made into the recruitment sector

with a healthy pipeline moving forward.

Jt-CEO Saalbach Paul Seabridge said “We were drawn to Progress Recruitment by the way it has carved out a real niche in the automotive sector. Despite the challenges that Brexit may or may not provide. Progress has carved itself to be a leader in its field with an international client base. This is backed by them recently winning “Recruitment Agency of the Year” award at the Motor Trader Industry Awards”.

Jt-Ceo Saalbach Jordan Hastie said “We are looking to acquire a number of other specialist recruitment businesses to ultimately form an enlarged group of synergistic recruitment businesses and with the addition of Progress Recruitment it provides us with a platform to further develop acquisitions in the automotive recruitment space”.

The Automotive Industry is a vital part of the UK economy accounting for £18.6 bn contribution to the UK economy and 823k people employed within the industry.

Saalbach Equities are a Asia based Mergers and Acquisitions, Private Equity Firm with interests in the UK, SE Asia and North America and owned by entrepreneurs Paul Seabridge and Jordan Hastie and backed by a £1bn hedge fund. They are focused on investing in and acquiring profitable, established SMEs with £5-50m revenues in the recruitment & HR, engineering and manufacturing, construction, marketing/advertising/PR and caravan and camping sectors.

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Saalbach Equities are a global Mergers and Acquisitions Company based in Asia, with global offices in the UK, Singapore and USA. Our focus is on creating enterprise and growth within the SME sector. Our model is to acquire, invest, grow & transform businesses.


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