Nottingham recruitment business sold in seven-figure deal
Sat, 11 May 2019 | BUSINESS SALE
One of Nottingham’s most successful independent recruitment consultancies has been bought by a nationwide employment agency specialising in construction, civil engineering and industrial recruitment.
Elizabeth Michael Associates has been sold to Approach Personnel for an undisclosed seven-figure sum, with the deal supported by Fraser Brown Solicitors.
Established in 1991, Elizabeth Michael Associates provides recruitment services for both temporary and permanent placements in a variety of disciplines, ranging from accountancy, logistics, sales and business development.
Approach Personnel’s acquisition of the consultancy will ensure that the recruitment specialists will be able to offer a wider range of services as part of its portfolio.
Founder of Elizabeth Michael Associates, John Hyde, said: “For almost 30 years, I have always sought to emphasise the key values of honesty and integrity in professional dealings in business. We have enjoyed tremendous success and growth over the years at Elizabeth Michael and I firmly believe this is down to our keen desire to always maintain these core values in all our dealings with people – whether colleagues, customers or suppliers.
“Today the pressures in business and on people are even greater and in our consumer age ‘getting ahead’ is too often put above all else and maintaining good relationships. Short term advantage is usually fleeting. Instead, building a more solid, long term reputation for trustworthiness and reliability has always been my goal and our guiding values at Elizabeth Michael.
“I hope that the values we have sought to promote at Elizabeth Michael will carry forward with the new owners. Approach Personnel are a fantastic business and they have built a solid track record, and as such I am confident that the two businesses together will go from strength to strength.”
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