Blissful Care Limited acquires Teamwork Services
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Trouvaille Trading Limited, which trades as Teamwork Services, has been acquired for an undisclosed sum by Blissful Care Limited, otherwise known as Blissful Healthcare.
Teamwork Services is a specialist recruitment agency, centred around the placement of healthcare assistants for nursing and care homes. Operating along the South Coast of England, which geographically features the highest concentration of nursing homes in the UK, the company has established a strong presence within its sector and benefits from repeat and referral custom.
Having developed the business for almost 20 years, the sole shareholder of Teamwork Services wished to sell in order to pursue other business ventures. With our client hoping to exit the business swiftly, KBS Corporate pursued a robust, in-depth buyer targeting process in order to accelerate a deal.
Within only a few weeks of the business coming to market, KBS Corporate had arranged multiple buyer meetings which led to an offer from Blissful Healthcare, a recruitment firm providing services to a wide variety of clients within the healthcare sector.
A deal with Blissful Healthcare quickly progressed and was completed within six months of Teamwork Services originally contacting KBS Corporate. The fast moving nature of the sale ultimately fulfilled the requirements of our client, who was able to exit the company financially, whilst remaining working within the business for a short period of time to assist with the transition.
Sonia Cottrell, Deal Executive at KBS Corporate, provided advice to the shareholders of Teamwork Services and commented “I am really pleased for the outcome of this deal. Not only did both parties develop a strong, professional relationship, but the deal also allowed our client to exit within a short timescale. I wish both our client and the team at Blissful Healthcare all the best going forward.”