Moore Barlow’s Corporate transactions team has advised the shareholders of Future Build Recruitment Limited on the sale of a majority stake of the company to Hercules Site Services PLC, the AIM-listed, leading supplier of labour to the UK’s construction industry.
Founded in 2010, Future Build Recruitment Limited is a REC accredited recruitment company that provides services to the construction industry, in the UK. Future Build Recruitment Limited’s shareholders, Richard Smith and Simon Yates, will continue to be directly involved in the business.
The transaction sees Cirencester-based Hercules, which counts construction firms Balfour Beatty, Costain, Skanska and Kier among its customers, make an acquisition after seeing strong demand for its services.
Corporate Partner, David Bright led the transaction with support from the wider Moore Barlow team. Commenting on the sale David said:
“Moore Barlow have worked with Future Build Recruitment Limited for a number of years and we’re thrilled to have advised the shareholders on their sale to Hercules and to have achieved a successful outcome for all parties involved. I look forward to seeing Future Build Recruitment Limited continue to grow with Hercules’ backing.”
Simon Yates, Director at Future Build Recruitment Limited said:
“I am excited by the growth potential of teaming up with Hercules. When we made the decision to move forward, it was imperative that we had the right legal team on our side. The client service and project management that we received from David Bright and the Moore Barlow Team ensured that a successful outcome was achieved and that our business can continue to thrive.”
Other advisers involved in the deal included: Mike Hughes Advisory Limited, Hill Dickinson and GS Verde Law.
Media mentions
- Moore Barlow reveals role on labour supply firm deal – Insider Media – 7/12/2023
- Moore Barlow oversees sale of Future Build Recruitment Limited – The Business Magazine – 4/12/2023
- Law firm advises on sale of construction recruitment firm – The Business Desk – 4/12/2023
- Hercules Site Services secures £1.3 million deal with recruitment firm – Business Live – 30/11/2023
