Industry heavyweight Paul Atkinson buys THIS firm

Industry heavyweight Paul Atkinson has acquired Glasgow-based recruitment firm Change, with hopes to strengthen his Group's revenue to £100million by 2020.

Recruitment guru Atkinson, who is also a serial angel investor, owns Head Resourcing, Head Medical and Atkinson MacLeod Executive Search. The sum of the deal was undisclosed, but the acquisition will see all staff retained at Change as it becomes part of Atkinson’s Head Group. 

Combined turnover for the Group will be in excess of £60million and it will have more than 140 staff operating from offices across Edinburgh, Glasgow and Leeds, serving clients in more than 15 countries – The Scotsman reports.

Atkinson, who will take the role of Group Executive Chairman following the takeover, said: “The recent formation of Atkinson McLeod together with our acquisition of Change complement[s] existing investments in Head Resourcing and Head Medical.

“Together, we are working on an ambitious business plan and, by handpicking the best businesses to join us, we are targeting revenues of £100million by 2020.”

The Managing Director of Change, Mark McFall, added: “We have spent the last few years as a private-equity owned company, getting the business into shape so that we could drive growth forward. As part of that, we have also restructured the team, securing some of the best consultants in our specialist fields.

“Joining the Head Group is an excellent cultural fit for our business. We share the same values of integrity, honesty and hard work, which can only benefit the Change team and our customers as we move into a new and exciting phase of growth.”

The deal follows the acquisition of Glasgow- and Edinburgh-based Brightwork Recruitment by rival Staffline. Andy Hogarth, Chief Executive of Staffline, said: “We have been increasing our capability in Scotland in recent years and this acquisition will accelerate the growth of both businesses as it provides scale, as well as greater geographic coverage and value-added services.”

Comments (0)