LEEDS-based recruitment and staffing solutions company Natural Selection has acquired North & South Recruitment.
The firm, an industrial and catering recruitment company, is also based in the city, and has been taken over with the help of an £80,000 Partnership Investment Finance loan.
Natural Selection Group Ltd is a £4.5m turnover organisation operating f
rom offices across Yorkshire and Lancashire serving regional, national and international clients.
The acquisition, worth in excess of £150,000, forms part of the firm's ongoing strategy to build a network of companies throughout the North of England.
Tim Oldfield, director of Natural Selection said: "We're really pleased with the acquisition of North & South Recruitment. It has a very strong team who will add a new dimension to the services which we offer.
Enterprise
"Our aim is to develop a portfolio of recruitment-based companies across the North of England with specialisms across different areas of recruitment."
Partnership Investment Finance is a £37m commercial investment fund – not a grant provider – which is aimed at supporting growing businesses in Yorkshire and the Humber.
It aims to encourage enterprise and economic regeneration by providing equity investments and loans to eligible businesses in the region's Objective 2 areas.
Jonathan Craig, PIF lending manager said: "Natural Selection have put in place a compelling business case and the acquisition of North & South Recruitment provides a platform for further growth.
The directors of Natural Selection have a clear strategy to grow the business further through acquisition and PIF will support them throughout their growth plans."
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