The deal, led by Armstrong Craven’s founder Sue Craven and Matthew Mellor CEO with Rachel Davis COO, will establish the business as a separate company from its former parent company Work Group.
Established by Craven in 1990, Armstrong Craven began life as an outsourced partner to traditional recruitment practices. In 2005 the business was acquired by Work Group, prior to a listing on AIM in 2007.
Nick Holder who, together with Pete Clarke led the deal on behalf of ISIS Equity Partners, will join the board of Armstrong Craven. He said, “In an environment where there is a growing global shortage of talent, a heightened requirement to manage succession planning and diversity in the workforce, we foresee an increased demand for Armstrong Craven to support clients’ investment in strategic workforce planning.
“The businesses differentiated proposition developed over many years means they are ideally placed to support national and international clients with these issues. We very much look forward to partnering with the team to help facilitate their ambitious growth plans.”
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