Buildout Investment Group the Warwickshire based services business, is set to embark on a major expansion programme within the construction recruitment sector as it looks to accelerate the growth of its first venture.
The company has launched a merger and acquisition drive which is designed to capitalise on the on-going consolidation within the recruitment agency sector and build on the growth success of its first investment, Buildout Recruitment.
Over the 12 months, Henley-in-Arden based Buildout Recruitment, has enjoyed sales growth of 200% with an increasing number of SME businesses within the construction and civil engineering industry selecting the company as its preferred growth partner for senior white-collar hires and other HR resources.
To support the latest expansion founders James O’Donoghue and Jack Hurdley have, with the backing of the investment group, introduced cutting edge client facing software which reduces the time involved in the recruitment process thereby enhancing the user experience. New back office systems have also been installed to enable the business to scale-up quickly.
Buildout Investment Group is chaired by John O’Sullivan, the leading recruitment industry entrepreneur and chairman of Elite Leaders. John has a 25 year track record of acquiring and building recruitment companies having founded Best International Group, which he grew to £130 million before selling to Spring Group.
Other members of the BIG Board include Mike Turl, co-founder and former managing director of MEARS Group, an AIM listed construction services business which today had a turnover of more than £1billion.
Commenting on the expansion plans, Buildout Recruitment joint founder James O’Donoghue, said: “Despite lockdown over the last year we have increased our market share and continued to invest in new services and technology to support our clients and improve the customer experience. By developing new services which go well beyond the normal recruitment agency model, we have been able to develop long term strategic partnerships with our clients.
“The on-going support of Buildout Investment Group will be pivotal to our growth plans as we look to acquire or merge in other complementary recruitment agencies within the construction sector who will be able to benefit from our broader service offer and existing infrastructure.
“We are delighted to have the backing of a vastly experienced Buildout Investment Board which brings over 200 years combined experience of working in the recruitment and services sector, as well as operating client side at the sharp end of the construction industry.”
John O’Sullivan, chairman of Buildout Investment Group, added: “Recruitment businesses servicing the construction industry will continue to see further consolidation and Buildout is well placed to take advantage of that by bringing other complementary companies to the Group that will benefit from a broader range of product offerings and scalable infrastructure.”
“I’m delighted to be working with James and Jack who have ambitious plans for the future having developed Buildout Recruitment through a refreshing new approach and bringing innovative HR solutions to clients across the construction sector.”