The owner of People Source, a Sunday Times Fast Track 100 business, wanted to diversify his asset portfolio. So he came to us to help sell the business to a new owner.
Featured in LSE’s 1000 Companies to Inspire Britain in 2016, and Sunday Times Fast Track 100, People Source Consulting’s growth has been exceptional. Founded by Jason Baker in 2002, the vision for People Source was to establish a collaborative, customer focused and people centric company.
Having built People Source from nothing, Jason felt that the time was right to diversify his personal asset portfolio by selling the company. Additionally, the business had reached a scale where it was time to look to the future and ensure a longevity beyond Jason and secure the long term wellbeing of its staff.
For several years prior to the sale, we worked closely with Jason and the management team at People Source to ensure that the business was in the best shape possible for the transaction. We were able to utilise our deep understanding of recruitment businesses to successfully protect and maximise value.
We advised Jason on the deal that saw People Source sell to Manpower, a company with global revenues of more than $21 billion and an unrivalled global network. Importantly for Jason the deal allows People Source to keep its branding and unique culture, continuing its mission of sourcing the best talent people can’t find.
Working closely with Jason, we assisted in the design of appropriate reward and incentive schemes to ensure that staff were motivated to deliver growth and ultimately benefit from the rewards of a trade sale, whilst carefully balancing the needs of any new owner.
Through our lead advisory, Manpower successfully acquired People Source and offered the perfect home through its Partnership Programme. This allowed People Source to continue to operate autonomously and maintain its all-important culture.
"I have known Jim for several years and he proved himself to be a trusted advisor when it counted, always putting my needs above his own. It’s his own business, so it’s more meaningful for him and he has no hidden agenda or alliances.”
If I were going to go through the process again I wouldn’t even consider anyone else."
Torchlight's owners asked us to help them develop their exit strategy. And when the time was right to sell, they asked us to help us find a new owner for their successful business.