Venture capitalist and serial investor Paul Atkinson’s UK-based recruitment firm Head Group has announced the acquisition of Change Recruitment.

The transaction will see all of Change’s staff retained. Furthermore, the deal now brings together four distinct recruitment brands under the Head Group.

The four businesses: Head Resourcing, Head Medical, Atkinson MacLeod Executive Search and Change Recruitment, will continue to operate under their own brands. Meanwhile Atkinson will assume the role of group executive chairman.

“The recent formation of Atkinson McLeod together with our acquisition of Change, complement existing investments in Head Resourcing and Head Medical,” Atkinson said. “Together, we are working on an ambitious business plan and by handpicking the best businesses to join us, we are targeting revenues of £100 million by 2020.”

“The group will now be able to offer a wide range of recruitment specialisms, including IT, digital and business change; medical (UK & International); executive search; accounting and finance (UK & International); investment and risk; banking and insurance operations; marketing; engineering and technical recruitment designed to ensure we are able to provide a strong and diversified offering to our expanding customer base,” Atkinson said.  

Callum Lyle, who assumes the role of chief operating officer at The Head Group, also commented, “Each of our companies will continue to invest in their growth strategies, acquiring the necessary talent to drive performance. As the group grows, we intend to add more businesses and we will be concentrating on those that are leaders in their respective specialisms. Our acquisition of Change sets the benchmark for this strategy.”

Financial details of the transaction were not disclosed.