Capital Outsourcing Group in Yorkshire acquisition

Capital Outsourcing Group in Yorkshire acquisition

Capital Outsourcing Group is looking to increase turnover from £25m to £35m after acquiring Yorkshire-based recruitment consultancy Qualtech Resourcing Ltd.

The deal, backed by a £2.4m funding package from HSBC, sees Capital Outsourcing expand its footprint in the North of England.

Birmingham-headquartered Capital will benefit from a further 31 clients added to its roster specialising in the engineering, technical, manufacturing, construction and commercial sectors.

Richard Sobol, owner of Capital Outsourcing Group, said: “Qualtech Resourcing Ltd very much mirror what we do here at Capital – they were an ideal fit for us as we look to expand and we are confident they will make a great addition to our business.

“This acquisition will enable us to firmly establish our Northern offering and provide seamless entry into new markets, which have the potential to provide future growth opportunities.”

Markus Keller, area director for corporate banking in Birmingham, added: “Capital Outsourcing Group is a dynamic business, keen to build upon its strong foundations in the Midlands.

“The funding provided by HSBC has helped Capitol’s expansion into the North region, putting them a step closer to achieving its goal to become one of the leading suppliers of temporary and contract staff in the UK within the next five years.”