Sale of CBS Butler Holdings to Staffing 360 Solutions
We advised on the sale of engineering and IT staffing recruitment services agency, CBS Butler Holdings Limited, to emerging public company in the international staffing sector, Staffing 360 Solutions Inc.
The team was led by Corporate Partner Steven Raize and supported by Zum Mohammed (Corporate), James Gopsill (Tax), Shazan Miah (Real Estate), Chris Thompson (Employment) and Kirstin Roberts (Commercial).
CBS Butler was originally formed through the merger of two long-standing technical recruitment companies – namely CBS Appointments and the UK arm of Butler International Inc. It has over half a century of experience in servicing the recruitment needs of industry and offers a comprehensive recruitment service including contract/temporary staffing, contingency and permanent recruitment, retained search and selection, through to managed services & RPO.
This is one of two acquisitions that Staffing 360 Solutions has recently made in line with its highly focused M&A programme.
David Leyshon, Chairman for CBS Butler Holding Limited, said: “From the outset, the team at Gateley Plc, headed by Steven Raize and Zum Mohamed, instilled us with a high degree of confidence, providing excellent guidance and having strong insight of the staffing sector. Importantly, they managed the entire process seamlessly, and reacted quickly when issues arose. Whilst always thorough, they were also highly pragmatic ensuring that we maintained momentum throughout the deal. Ultimately, we were delighted with the outcome and felt that they had secured the best possible terms for us.”
Steven Raize added: “CBS Butler Holdings is a great UK recruitment business, specialising in the engineering and IT space. We are delighted to have acted on its sale to Staffing 360 Solutions. The deal demonstrates our recruitment sector expertise and our ability to call upon our recruitment sector specialist cross departmental team. This deal follows a number of recent deals in the recruitment sector, which continues to be buoyant in the current climate.”
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