Thrings and Watersheds complete sale of Mainline Employment
Commercial law firm Thrings and corporate finance specialists Watersheds have successfully completed the sale of independent recruitment agency Mainline Employment to First Personnel Group.
Mainline Employment is currently one of the leading independent recruitment agencies in the South West.
It employs more than 40 staff across two branches in Bristol and one in Swindon.
The transaction was led by Watersheds’ Swindon-based partner Jessica Painter, while Thrings senior corporate partner, John Davies, and associate solicitor, Simon Hore, worked with the firm’s commercial property, commercial and employment teams.
The completion of the transaction for an undisclosed sum will enable Mainline Employment to continue expanding its service offering to regional clients in the commercial, office, industrial and transport sectors while securing an exciting future for its staff.
Jessica Painter comments: “It was essential for Stella to find a buyer which shared Mainline Employment’s ethics and ethos to ensure the organisation’s excellent customer service levels and the environment and prospects for staff were maintained.
“We introduced Stella to First Personnel Group after recognising a number of similar traits between the two businesses and their respective owners.
“The acquisition is a significant development for both organisations and their portfolio of clients, and we wish all parties every success in the future.”
Headquartered in Walsall and with 17 branches across the Midlands, the north of England and Scotland, First Personnel Group is a £70 million turnover employment agency which placed more than 150,000 workers last year.