Hercules Site Services plc (LON:HERC), a leading technology enabled labour supply company for the UK infrastructure sector, has announced that it has acquired 60% of Future Build Recruitment Ltd, a specialist UK-based white-collar recruitment company operating in the UK construction sector, for a total consideration of £1,251,000.
The transaction represents a significant milestone for the Company as the first acquisition in Hercules’ history, which will see Future Build integrating into Hercules’ Labour Supply division and providing the Company with exposure to the white-collar recruitment market.
Acquisition Highlights
· The transaction will expand Hercules’ exposure to the white-collar and permanent recruitment market within the construction industry, which consists of around 2.1 million workers or 6% of the total UK workforce.
