Business
Acquisition of Oak Recruitment
Acquisition of Oak Recruitment.
About this update from Staffline Group Plc
[{"type":"text","content":"\n \nRNS Number : 6829Y Staffline Group PLC 07 March 2017 \n\n\n\n\n\nFor Immediate Release\n\n\n7 March 2017\n\n\n\n\n \nSTAFFLINE GROUP PLC\n(\"Staffline\" or \"the Group\")\n \nAcquisition of Oak Recruitment\nStaffline, the Staffing and Employability organisation, today announces the acquisition of Oak Recruitment, the recruitment firm based in the Republic of Ireland that specialises in industrial recruitment on a temporary and contract basis.\n \nEstablished in 2006 and now with premises in Cork, Dublin and Limerick, Oak Recruitment has been supplying staff to the industrial supply chain for 11 years and brings with it specialist recruiters with in-depth knowledge and experience, and shares Staffline's dedication to work closely with its clients to listen to what they need and deliver on it. \n \nThe acquisition supports Staffline Ireland's aim to build and develop the most reliable and integrated workforce across the island. With a number of large blue-chip clients, Oak Recruitment will help further extend the Staffline network across Ireland. \n \nShane Hanrahan, the current MD and owner of Oak Recruitment, will remain with Staffline after completion of the acquisition. He will be responsible for the delivery of the existing Staffline business in the Republic as well as integrating Oak into Staffline. The Staffline businesses include Diamond Recruitment and PeoplePlus NI and are led by Ireland's Group MD, Tina McKenzie. \n \nThe acquisition is expected to be earnings neutral in the current year and earnings enhancing thereafter and is being funded out of Staffline's existing bank facilities.\n \nAndy Hogarth, Chief Executive of Staffline, commented:\n \n\"We are thrilled to announce this strategic acquisition in Ireland, following on from the acquisition of Diamond Recruitment in Northern Ireland announced in 2015. As well as bringing an extensive network of connections and resources, Shane Hanrahan, the owner of Oak Recruitment heading our business in the Republic, will further enhance our position as a leading creator of jobs and new ideas in the recruitment and employment sectors in Ireland.\"\n \n\n\n\n\n \nFor further information, please contact:\n\n\n \n \n\n\n\n\n \n\n\n\n\n\n\n\nStaffline Group plc\n\n\n \n\n\n\n\nAndy Hoga...