UK-headquartered staffing firm NES Global Talent will combine with the UK engineering staffing firm Fircroft Group.
According to SIA’s list of Largest Global Engineering Staffing Firms, NES Global Talent ranks third while Fircroft ranks fifth.
The integration of these two UK-based engineering staffing firms will create a leading global technical workforce solutions organization.
“In a challenging engineering staffing sector, this merger has the potential to alter the competitive landscape,” said Matt Norton, senior research analyst at SIA. “The relative size of both firms is significant and their combined revenue would rank them 26th largest staffing firm in the world and largest engineering staffing firm, based on 2018 data.”
The combined entity will be known as NES Fircroft moving forward and the company claims it will offer clients, contractors and consultants extensive breadth, reach and depth of sector expertise, due to the combination of their complementary geographic footprint and industry specialization.
Together, the company has operations in 45 countries offering clients a global solution for their engineering and technical resource requirements.
NES Fircroft will be led by NES Global Talent CEO Tig Gilliam. Fircroft CEO Johnathan Johnson will join the NES Executive team as Executive Director alongside NES Global Talent COO Simon Coton and NES Global Talent CFO Stephen Buckley. Johnson will also join with the current NES Board Members to make up the new NES Fircroft Board.
Gilliam said, “Offering the very best solutions for our clients and career opportunities for our contractors and consultants requires scale and deep expertise. Bringing the NES and Fircroft teams together delivers on these requirements and will further strengthen and support our values of service, client focus, compliance and safety.”
“NES has always had a strong growth vision in place and has invested in the right areas to ensure we can fulfill our ambitions, Buckley said. "To continue on this trajectory, whilst completing this deal, we have simultaneously signed a new banking agreement that supports the organic growth of the business and provides support for more transactions in the future.”
“This is a really exciting time in Fircroft’s history, to join forces with NES Global Talent and create a single, unified business to compete at the highest level," said Johnson. "Our combined businesses will significantly extend our geographic footprint, strengthen our client and contractor network, increase our participation in key end markets and harness the specialist skills, knowledge and expertise of our combined teams.”
NES Global Talent operates in the oil and gas, power, renewables, chemicals, life sciences and mining sectors.
Fircroft operates in the oil and gas, chemicals, ICT (information and communications technology), energy, renewables, mining, automotive and construction sectors.
