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Industrial recruiter gap personnel has acquired a South West-based specialist driving agency, and is aiming to complete several more buy-outs this year. The firm has acquired Bristol Drivers Solutions, the first acquisition for gap personnel in 2013.
gap is one of the largest industrial labour providers in the UK with the firm looking to increase annual revenue beyond £100 million by 2015. BDS recorded revenues of £1.5 million last year and under the terms of the deal, it will become part of gap’s specialist driving division, Driving Force.
The newly-merged entity will be known as BDS Driving Force. BDS directors Justine Buxton and Mandy Parker will remain on board for the foreseeable future.
Andy Gunson, finance director at gap personnel, said the firm plans to make at least one more acquisition this year. Commenting on the latest acquisition, he said: “BDS is one of the South West’s most respected and well-established specialist driving agencies.
“The company has an excellent client base and a solid track record of supplying reliable LGV drivers to the transport industry. This exciting acquisition bolsters Driving Force’s presence in the South West, and underlines our determination as a group to grow despite the challenging economic conditions.”
Privately-owned gap personnel made revenue of £72 million in 2012. The firm places and payrolls up to 7,000 temporary workers per week.