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TXM Group acquires energy staffing firm Petroplan

TXM Group acquires energy staffing firm Petroplan

July 9, 2024

Main article

TXM Group has acquired London-based global energy staffing agency Petroplan to support its strategy to build an active presence in the international energy recruitment market.

The price of the transaction was not disclosed.

With a presence across four continents, Petroplan delivers contingent and permanent talent solutions throughout the energy industry, including natural resources, renewables and infrastructure. Founded in 1976, it has grown organically over the past 45 years from its roots in North Sea oil & gas into an international recruitment and workforce management specialist operating in North America, Africa, Europe, the Middle East and Asia.

TXM Group, based in Milton Keynes, is a resourcing and consultancy organisation serving sectors including engineering, healthcare and technology.   Through its resourcing division it provides a range of human capital services including contingent and permanent recruitment.

The deal will support TXM Group’s expansion in the energy sector. The acquisition of Petroplan also strengthens TXM’s global presence by expanding into new territories.  It will also benefit Petroplan, as the business will be part of a larger organisation and able to utilise TXM Group’s resources and technology to support its continued growth.

Keiron Gallimore CEO, TXM Group, said in a press release, “Petroplan has a long-standing presence in the energy sector, with a strong brand and a dedicated team of professionals serving a global client base.  I am immensely excited about the opportunity this brings for both TXM and Petroplan to facilitate future growth, opportunity, and success for the teams and their customers.”

Christopher Honeyman Brown, CEO of Petroplan, said, “This is a momentous occasion for Petroplan. Joining forces with TXM Group enables us to leverage their extensive resources and cutting-edge technologies. Together, we will set new benchmarks in the energy recruitment industry, ensuring that our clients have access to the best talent and our candidates find the best opportunities.”

Petroplan was advised by Newcastle-based RG Corporate Finance (RGCF) led by CF Partner Nick Johnson and CF Manager Sam Shield.  Legal advice was provided by London based Preiskel & Co, led by Consultant Tina Cowen and Partner Karthyaeni Vittala.

Nick Johnson, corporate finance partner at RGCF, said, “The combination with TXM is very exciting, giving Petroplan the support of the larger organisation and TXM the ability to develop its activities in a new global sector. The team at Petroplan will be valuable additions to TXM Group and we wish them and the combined group well as they continue to scale the business.”