RG - Ryecroft Glenton

The specialist IT & Digital staffing firm Energize Recruitment has just successfully completed an MBO.

Craig Molloy, Co-founder and Managing Director of the Manchester-headquartered business has acquired the shares of fellow Co-founder, Gavin Jones to become 100% shareholder in the Energize Group. The MBO has been supported by funding from specialist lender Caple.

The Energize Group, through its four brands, supplies niche IT & Digital talent to customers across five countries, offering both permanent and contract recruitment solutions, as well as a ‘Talent-as-a-Service’ subscription model. Energize is renowned for providing outstanding customer service to its clients and candidates and has championed Net Promoter Score® in the staffing sector.

The organisation has delivered continued growth since inception and in 2021 the firm will achieve over £17m in revenue from its 70 full time global employees. A multi award-winning business, recognised only in May 2021 as the 4^th ‘Best Recruitment Company to Work For’, Energize Group has a vision to reach 250 employees by the year 2025.

Energize is set to achieve the next stage of growth by expanding their offering in the current territories, with a specific focus on the USA & Germany. The experienced senior management team is committed to achieve the vision whilst staying true to the businesses purpose of “world class service” and “employee development”.

Providing corporate finance advice to Craig was Newcastle-based RGCF led by Partner and Head of CF Carl Swansbury, CF Director Rhiannon Nightingale, and CF Executive Tom Cosby. Transactional tax advice was provided by RG’s Simon Whiteside and Simon Hopwood.

Legal advice for Craig was provided by Partner Paul Wigham and Corporate Principal Associate Kirsty Adamson of Weightmans LLP.

Providing Gavin with legal advice was Ian Brent, Partner at Fladgate with corporate finance advice from Managing Director of Azlan Advisory, Sohail Ahmed.

Craig Molloy said “The MBO marks an end of an era but also a new beginning; Gavin and I together have built a very successful business over the last 15 years, and it is extremely pleasing that this transaction works well for both parties. I’d personally like to thank Gavin for helping create the business we have today and also wish him and his family all the best for the future. Regarding the Group’s international expansion and growth plans, I couldn’t be more excited to be working with the senior leadership team to achieve and execute the Group’s international expansion and growth plans”.

Gavin Jones added “Energize has been my life for the last 15 years and I want to say thank you to everyone who has helped us create this very special brand. Craig and I started on this journey hoping to create a business that stood out in what is a crowded market, and I believe we achieved this together with a formidable team around us. I want to wish Craig and Energize the best of luck and I have no doubt that this next phase of growth will bring many more opportunities for everyone involved.”

ENDS

NEWS RELEASE: ISSUED ON BEHALF OF RG CORPORATE FINANCE

For further information contact Jamie Collis 01325 363436

Editors’ Notes:

RG has offices in Newcastle, Northumberland and North Tyneside with 15 partners. It delivers joined-up advice across six specialist services:

• Corporate Finance – creating a reputation for providing exceptional, opinion-driven, advice that maximises business value, RG’s award-winning corporate finance division has a refreshingly different approach.
• Business Tax – delivering straightforward answers to complicated questions through the provision of very effective, tax efficient, solutions.
• Personal Tax – creating significant tax savings through a collaborative approach that combines careful planning with easily understood advice.
• Accounts and Outsourced Services – embracing the latest digital accounting technology to provide an extremely responsive service which delivers essential financial information for businesses in real time.
• Audit and Assurance – helping business owners minimise risk and run more robust enterprises by providing valuable advice with tangible benefits.
• Wealth Management – approaching wealth management with a conservative mindset, based on many years’ experience of seeking long term gains.