PETERHEAD-based recruitment agency Genesis Personnel Limited has been acquired by GEG Capital for an undisclosed sum.
With offices in both Peterhead and Aberdeen, the Genesis recruitment team will all remain with the business together with previous owners, managing director Wendy Marr and director, Paula Duthie.
Established in 1975, the company, which turnover of £5m per year provides personnel to a range of sectors including marine, oil & gas, commercial and industrial as well as office based and executive roles.
The Marine division currently equates to around 70% of the company’s business, with the majority of vessels supported operating in the UKCS.
GEG Capital is owners of Highland-headquartered, Global Highland and Be Personnel and recently acquired, Aberden-based Cammach Bryant recruitment businesses together with civil engineering and infrastructure firm, Global Infrastructure.
The diversification into the marine sector for the GEG capital portfolio is something that director, Jia MacKenzie has sighted as an opportunity for growth for some time.
She said: “Genesis are a well-established brand and with our particular interest in diversifying our growing recruitment portfolio into the marine sector they were a perfect fit for us. The marine sector was of particular interest to us because it is a sector we have not delved deeply into, yet we get many requests to supply via our other recruitment businesses.
“It therefore made sense, to add a marine focused recruitment business to the portfolio where we can bring that skills and experience in house, with a very successful team already in place.
“Genesis also bring with them established relationships that complement our existing capabilities within other sectors that our recruitment business already operate. We also share very similar cultures and values, which is the most important attribute we look for in any acquisition into the GEG Capital Group. I very much look forward to working with Wendy, Paula and the team”.
Wendy Marr, Genesis Personnel managing director, added: “We are extremely excited to be joining GEG Capital at this time. Both companies are very much aligned in terms of our core values, which is at the centre of everything we do.
“We firmly believe this is the basis for a great working relationship going forwards and we have no doubt that this move will assist us greatly in achieving our plans for growth in our sector.”
The company will continue to trade under the established Genesis Brand from its current base in Peterhead supported by the GEG Capital corporate team.