IT recruitment consultancy E-Resourcing Ltd has announced it is retaining the services of North East corporate finance specialists, Ryecroft Glenton Corporate Finance, as it drives ambitious plans for growth.
Ryecroft Glenton Corporate Finance (RGCF) has already advised the business on the acquisition of SAP consulting firm Williams McKinley Ltd, which preceded E-Resourcing’s purchase of IT recruitment business Personnel IT in 2015, a transaction the company managed in-house.
Epsom-based E-Resourcing has plans to further grow the company through acquisitions that complement, strengthen and expand its service offering and has retained RGCF to help support that goal.
E-Resourcing, which specialises in the provision of contract and permanent IT staffing services across the UK and Europe, was founded 11 years ago.
Directors Jon Tyler, Alison Page and Kevin Thorn, have grown E-Resourcing year-on-year and today it has a turnover of £17 million.
Jon Tyler commented: “We have strategically developed the company organically and through targeted acquisitions to create and build upon our position in the market and provide a more comprehensive range of services for customers.
“We are retaining the services of RGCF to support our corporate vision for further growth and development because of the company’s professionalism, standards of service and depth of its expertise.”
Carl Swansbury, Partner at Newcastle-based Ryecroft Glenton Corporate Finance, said: “Being retained by E-Resourcing, as it forges ahead with its ambitious plans, is testament to our expertise and ability as a corporate finance house to work with shareholders to develop and grow their business.”
“RGCF support to E-Resourcing has encompassed identifying strategically suitable acquisition opportunities, successfully advising E-Resourcing shareholders, helping secure the banking facilities needed to fund each of the acquisitions, whilst carrying out financial due diligence.”