Impellam Says in Talks to be Acquired by HeadFirst Global
Global staffing firm Impellam Group plc is in talks to be acquired by HeadFirst Global.
Impellam announced the discussions in a regulatory filing on July 4 with the London Stock Exchange. It noted HeadFirst Global has until Aug. 1 to either announce plans for an offer or indicate that it will not make one.
Based in the UK, Impellam is the 19th-largest global staffing firm. Impellam’s US headquarters is in Atlanta. The company posted $283 million in US staffing revenue — ranking it among the largest US staffing firms. Its largest segments in the US are IT and engineering.
There have also been changes at Impellam Group as of late. Majority shareholder said in April 2022 that he would sell his stake in the company. Following that, Impellam last year sold its Corestaff light industrial brand to Swipejobs Inc. in a $19 million deal. This year, Impellam announced the sale of its healthcare and specialist staffing businesses to Twenty20 Capital in a $102.2 million deal. The healthcare business included its Medacs Global Group operations in the UK, Ireland and Asia Pacific. The specialist staffing business included the UK brands Tate, Blue Arrow Group, Chadwick Nott and Career Teachers.
A deal to sell Impellam to HeadFirst Global remains uncertain at this time.
“The board notes that there can be no certainty that any firm offer will be made nor as to the terms on which any offer may be made or that the terms of any such offer would be acceptable to the company’s majority shareholder,” Impellam said in its regulatory filing.
Tuesday’s filing also said HeadFirst Global is the 100% owner of Beryllium BV, which in turn owns HeadFirst Group, a Hoofddorp, Netherlands-based firm that provides IT staffing, MSP and RPO services. HeadFirst Group posted 2022 revenue of €1.95 billion (US$2.08 billion).
About Impellam
Based in Luton, England Impellam is a leading Global Talent Acquisition and Managed Workforce Solutions provider that delivers bold promises to help build better businesses. Their Managed Services providers are supported by talent-focused Specialist Staffing brands with deep heritages, vertical sector expertise and loyal candidate networks. Impellam is an integrated, connected employment group providing global workforce and specialist recruitment solutions. Impellam is the seventh largest Managed Service Provider in the world. Impellam’s award-winning Global Managed Services provide a diverse range of digitally enabled, multi-disciplinary workforce solutions to organisations around the world.
About HeadFirst Global
