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New Deal


Announced

People Infrastructure to acquire a majority stake in Techforce Personnel and Vision Surveys for $31m.

Financials

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Transaction Value£22m
Consideration TypeContingent Deferred Consideration, Cash, Ordinary Shares
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Outsourced HR and Staffing

Australia

surveying services

Pending

Friendly

Acquisition

Majority

recruitment services

Domestic

Single Bidder

Private

Synopsis

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People Infrastructure to acquire a majority stake in Techforce Personnel, a provider of recruitment services, and Vision Surveys, a multi-discipline surveying business servicing metropolitan and regional Queensland, for $31m. “The acquisition of Techforce Personnel and Vision Surveys Qld are highly complementary to our existing business. Both businesses are well established in their regions, have strong customer relationships, and proven leadership teams who have successfully grown these businesses over several years. Through being part of a larger group, these businesses will be able to accelerate their growth through adding service lines, sharing customers and growing geographically," Declan Sherman, People Infrastructure CEO.

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