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UK – Geometric Results acquiring MSP firm de Poel Group

08 January 2018

Managed service provider Geometric Results is acquiring UK-based MSP de Poel Group in a deal announced Friday.

De Poel serves more than 120 private and public-sector clients through its vendor-neutral MSP programs supported by its own technology platform. It coordinates with more than 1,500 recruitment agencies weekly.

Geometric Results, or GRI, is based in Detroit and is a wholly owned subsidiary of MSX International, a portfolio company of Bain Capital Private Equity.

GRI President Art Knapp said de Poel’s commitment to operating as a vendor-neutral MSP mirrors Geometric Results’ own service offering

“Since neither company is affiliated with a staffing firm, each creates individualised, strategic solutions for every client,” Knapp said. “Merging de Poel and GRI creates a leading global extended workforce solutions provider with a strong US and European presence.”

De Poel was founded in 2001 and is based in Cheshire, UK. The company was involved in a management buyout in September 2016.

“Partnering with a vendor-neutral, independent partner is a highly effective outsourcing strategy for our clients,” de Poel President Andrew Preston said. “This is why so many household names in the UK choose to trust the management of their nonemployee workforce to us. We are very excited to join with GRI. The acquisition will allow us to move more quickly to broaden the scope of our services for our existing and future clients.”

Combining with de Poel will enable GRI to service a broader array of industries, according to the company. The deal is expected to close by the end of this month; terms of the transaction were not announced.

“The immediate benefits to GRI will be to increase our geographic diversity, branch out into more industry sectors, and broaden our customer base,” said Charles Megaw, operating partner at Bain Capital Private Equity. “When completed in late January 2018, de Poel will be our first acquisition following the purchase of MSXI a year ago, fulfiling our commitment to organic growth and strategic investments.”