The NASDAQ-listed Staffing 360 portfolio includes recruitment consultancy CBSbutler and sister companies The JM Longbridge Group, Clement May and Butler Bridge & May. Specialising in expert recruitment services within the engineering, IT, aerospace and automotive sectors, “this acquisition marks a significant milestone for IPE Ventures”, the London-headquartered firm said in a statement.

Rob Harper, managing director of CBSbutler, will continue to lead the group, supported by the new investor team led by Adam Fletcher as chairperson and Mark Keegan as group finance director.

The IPE statement said that Staffing 360 Solutions opted to divest its UK businesses as part of a strategic decision to focus on growth opportunities within the US markets.

The business will be operated by CBSbutler Holdings, with headquarters remaining in Redhill, Surrey.

This will be the fourth acquisition within 18 months for IPE Ventures. “The investment portfolio now extends to over £250m of annual revenues with further acquisitions on the horizon,” IPE said.

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