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.