EXIT: PMP Recruitment

We have signed an agreement to transfer ownership of high volume business, PMP Recruitment to Challenge-trg Group.

We are delighted to announce the merger of two-sector giants; PMP Recruitment and Challenge-trg Group. After 18 months of considerable investment, the PMP Recruitment business has gone from strength to strength, making it a strategic acquisition for Challenge-trg Group, positioning them as the UK’s largest blue-collar labour provider.

The collaborative move demonstrates our ability to identify the right partner at the right time; ensuring our ongoing success is aligned to our own values. The deal reinforces our focus on creating value for shareholders whilst remaining well-positioned to build momentum through portfolio growth, increased customer wins and new vertical entry points.

Cordant CEO Jamie Reynolds said: “With the support of the Twenty20 board, we have built out and expanded the PMP Recruitment business. In pursuit of operational success, we’ve recognised that Challenge-trg Group is well-positioned to leverage the numerous growth opportunities linked to the brand and the sector it operates in”.

Tom Cropper, Group CEO of Challenge-trg, said: “This is a really exciting time for Challenge-trg Group and PMP Recruitment. By coming together and pooling our resources and experience, we can offer our clients the ultimate service in our sector.

“As a business, our vision and values align – we are both focused on creating a work environment that develops and supports our employees. Through a combined passion for service, innovation and employee development, this merger is undoubtedly going to create opportunities for personnel and clients alike”.