HMT LLP advised specialist independent recruitment firm Outsource UK on their acquisition of RZ Group (previously Recruitment Zone).
Headquartered in Swindon with offices in Manchester, Stoke-on-Trent, Birmingham and London, Outsource UK is one of the largest independent recruitment companies in the UK, supplying highly-skilled technology, change and engineering talent to clients within a range of specialist sectors such as engineering, financial services, public sector, defence and logistics.
Founded in 1998 and based in Edinburgh and Bolton, RZ Group provides recruitment solutions to businesses operating in the financial services, technology, oil and gas and engineering sectors.
The acquisition of RZ Group will enable Outsource UK to expand their geographic coverage in the UK as well as developing their client base and accelerating growth.
HMT undertook financial due diligence for Outsource UK on this transaction.
Paul Jezzard, Chief Financial Officer at Outsource UK commented:
“The acquisition of RZ was an ideal operational and strategic fit for Outsource-uk and provides us with a great platform for growth. We thoroughly enjoyed working with Paul Read and his team; and look forward to partnering again in future transactions.”
Paul Read commented:
“We are delighted to have advised Outsource UK on their acquisition of RZ Group. Outsource is one of the largest specialist recruitment firm in the UK and by joining forces with RZ Group, the business is clearly entering a market leading position. We look forward to working with them in the future as they grow the business.”