MC Vanguard advises on sale of North Wales company Nation Recruit
MC Vanguard Corporate Finance has advised on the sale of Nation Recruit to Templine Employment Agency for an undisclosed sum.
Based in Prestatyn, North Wales, Nation Recruit was established in 1995 by managing director Lynne Fattah and specialises in the recruitment of temporary and permanent industrial staff. Nation Recruit is joining Templine, a UK-wide provider of temporary staff to businesses across a range of sectors, including manufacturing, industrial and logistics. The deal allows Lynne Fattah to retire from Nation Recruit.
Although Nation Recruit was a small company, MC Vanguard gave me the confidence that it was saleable and worked closely with me to prepare it for sale, allowing me to exit the business.
Lynne Fattah said: “Becoming part of Templine is great news for Nation Recruit’s clients and staff as it provides a significant opportunity for future growth.”
Nation Recruit was advised by Brian McCann, partner, and James Curtis, corporate finance executive, of North West based MC Vanguard.
James Curtis of MC Vanguard said: “We are delighted to have played a part in advising on the deal which sees Nation Recruit joining a national recruitment network and shows that North Wales remains an important industrial market for the wider economy.”
Aaron & Partners was Nation Recruit’s legal adviser and St Asaph-based Harold Smith was its accountant.
Templine was advised by law firm DWF and Dains Accountants on financial and tax due diligence.