30 November 2023 - acquisition
The recruitment group, which is focused on the construction and infrastructure sectors, has expanded its operations by making its first ever acquisition. It has purchased 60% of Future Build Recruitment, a specialist white-collar recruitment company operating in the UK construction industry. The purchase has cost £1.25m and around £1m is to be paid in cash with the balance in shares in Hercules. The balance of the business can be sold to Hercules in the future. This is a useful acquisition and we re-iterate our recommendation of BUY
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