- Newly formed Search Group completes first acquisition since MBO
- Deal gives company London base and creates leading UK provider of tech recruitment
- Henderson Scott business identity will be retained and run as a subsidiary within Search
Search Consultancy has announced the acquisition of Henderson Scott, a specialist provider of executive search and recruitment solutions in technology.
Working across a range of niche markets in the public and private sector, Henderson Scott is a market leader in technology recruitment, with vast experience across the fast-evolving tech landscape.
The acquisition gives the newly created Search Group a combined revenue of £220m and Ebitda of in excess of £10m, with more than 750 people across an estate of 17 UK offices, and positions it as the UK’s leading provider of technology recruitment.
With a senior team boasting more than 50 years’ experience in IT recruitment, Henderson Scott’s core strength sits across six core markets: enterprise architecture, IT infrastructure and data centre, enterprise cloud, digital and business transformation, cyber security and software technology.
Established in 1999 by CEO Mark Bailey, the business has offices in Amersham and London. Working with range of leading names in tech, the 50+ staff base – under the current leadership team – will continue to grow the Henderson Scott business under its existing brand, operating as part of the Search Group. Mark Bailey will also join the Search board as a part of the acquisition.
With strength in London and a strong book, the Search Group board believes it is perfectly positioned to develop Henderson Scott and leverage the group strength, providing access to its wider service proposition. They also see opportunity for the wider Search business to leverage opportunity for Henderson Scott via its people, relationships and reputation, to support future growth.
Search Group CEO Grahame Caswell said:
“This is the first acquisition we have undertaken since Search’s MBO and refinancing. It significantly enhances our capability in the technology space and gives us real market presence in London. Working alongside our existing tech and transformation vertical, we have some of the best expertise in the technology recruitment sector within our group.
“Henderson Scott has a reputation for exceptional service and an impressive network of specialist candidates, delivered by a high performing team that has kept abreast of innovation. With strong relationships and an expert group of people in place, the business is well positioned for growth under our ownership and we are excited to help Mark develop the business as a key part of the Search Group.
“The converging world of IT continues to present exciting opportunities and with a rapidly expanding cloud market place the acquisition of this highly scalable UK business is a clear strategic fit for the Group.
Henderson Scott CEO, Mark Bailey said:
“This is an exciting time for both businesses. I am delighted that Henderson Scott has joined a Group with the ambition for growth as well as the infrastructure to continue supporting and developing our service offering and our people.
“Backed by the scale of the Search Group, including geographical reach, complementary technology expertise and experience across its verticals, we are very much looking forward to realising our potential as part of the bigger team.”