Impellam Group plc, one of the world’s largest staffing firms, expects full-year results for 2016 will be in line with expectations when preliminary results are announced March 3.

Impellam also announced the appointment of Investec Bank plc as joint corporate broker, effective immediately.

Impellam noted a strong performance in its UK specialist staffing businesses, despite ongoing disruption in the English healthcare market, and across the managed services businesses in the UK, US and Australia.

The businesses acquired in 2014 — Lorien Limited, a UK-based technology staffing firm, and Career Teachers — have now been fully integrated into the company. Career Teachers has performed in line with expectations and Lorien has performed ahead of expectations.

Impellam in December acquired Bartech Holding Corp. and its subsidiaries from private equity firm Sverica Capital Management LLC for an initial payment of $120 million.

Net debt at year end was in line with expectations at £118 million (US$174.9 million) reflecting £102 million (US$151.2 million) of borrowings in relation to the acquisitions of Global Group and Bartech during the second half of last year. The integration of the two acquisitions is proceeding as planned and both businesses are performing in line with expectations.

“2015 was another important year for Impellam where significant progress was made in the delivery of our strategy,” said CEO Julia Robertson. “We have successfully integrated the two acquisitions made in 2014 and completed two further acquisitions in 2015, each of which has expanded our geographic, sector and service coverage.”

“Our robust and diversified portfolio, and, in particular, our mix between specialist staffing and managed services has enabled us to take advantage of good market conditions in many of our sectors,” Robertson said. “Our continued focus on attracting and retaining the best people, working collaboratively with customers who recognize the value of an engaged workforce and our adoption of high road values have ensured that we not only retained but significantly added to our key customer relationships over the course of the year.”