Staffing 360 Solutions, a staffing provider in the US and UK, announced that it has acquired Clement May Limited, a recruitment firm based in London with offices in Malaysia and South Africa.

Clement May offers executive search, selection and interim management within specialist sectors, payroll management and managed services. For the twelve months ended June 2018, Clement May generated revenues of approximately USD 50 million and operated profitably.

Chris Rowbotham, Managing Director of Clement May, has been appointed to the combined role of Managing Director of Clement May and Longbridge Recruitment 360, a subsidiary of Staffing 360 Solutions specialising in the areas of finance & accounting, and legal recruitment.

Brendan Flood, Chairman and Chief Executive Officer of Staffing 360 Solutions, commented, "The acquisition of Clement May reflects our continuing focus on strategic M&A activity that, in concert with an intelligent integration program, is designed to drive top line growth towards our stated revenue goal of USD 500 million over the next two years and bring us one step closer to generating positive net income," Brendan Flood, Chairman and Chief Executive Officer of Staffing 360 Solutions.

“While our operations in the US have the ability to deliver on volume projects, we were limited in the UK in this regard,” Flood said. “This acquisition allows us to deliver additional quality and service to our client base, strengthens our position in the IT staffing market and allows for more international cross-selling within the group."

Mark Darby, President of Professional Staffing (UK) of Staffing 360 Solutions, also commented, "The acquisition of Clement May enhances our capabilities in the UK in a strategic and complementary fashion to our existing businesses of CBS Butler, The JM Group, and Longbridge Recruitment 360. Clement May boasts a very strong management team led by Chris Rowbotham, who will help to further the growth and development of that brand."

Rowbotham commented, “We are very excited about the possibilities that joining the Staffing 360 Solutions family opens for us and for our clients. I look forward to working more closely with my new colleagues in Longbridge Recruitment 360 and to driving both of these brands forward."

Earlier in July, Staffing 360 Solutions announced that it had amended its Invoice Financing facility with London-based bank HSBC to allow for further acquisitions in the UK, increasing its facility limit from £11.5 million to £20 million.

No further details of the transaction were disclosed.