KMB Recruitment acquired by German firm
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KBS Corporate has negotiated the successful acquisition of KMB Recruitment Services Limited by German recruitment firm Runtime Services GmbH.
Based in Middlesbrough, KMB Recruitment Services is a professional recruitment agency specialising in employment services within the Construction, Manufacturing, Engineering, Business, I.T. and Finance sectors.
The opportunity was brought to the market due to one of the shareholders wishes to retire and KBS Corporate identified over 100 buyers for KMB Recruitment whilst arranging no fewer than 5 buyer meetings before a deal was agreed with Bremen-based Runtime.
Already present throughout Germany, Poland, Switzerland and Slovakia, the acquisition represents Runtime’s first venture into the UK market.
KMB Recruitment is likely to remain in its current North East premises with all staff to be retained. Shareholder Kevin McBride is set to remain within the business in a new capacity.
Corporate Director Guy Haynes managed the deal on behalf of our clients and believes that both companies provide an excellent fit for each other due to their many shared values.