Hazlewoods Corporate Finance assists Hercules Site Services Plc with first acquisition

Published: Tuesday 19 December 2023

Hazlewoods Corporate Finance team is delighted to have assisted Hercules Site Services Plc with its first acquisition.

The Gloucestershire-based company, whose core business is supplying people to work on major construction and infrastructure projects, has acquired 60% of Future Build Recruitment.

Future Build specialises in finding candidates to fill white collar construction industry jobs.

Based in Brighton, Future Build’s clients include major house building firms and main contractors, for whom it finds employees including project managers, quantity surveyors and health and safety directors.

The acquisition will create a platform for further growth and enable Hercules, which was founded in 2008 and has experienced substantial organic growth over the last 15 years, to provide both white-collar and blue-collar recruitment services.

Hazlewoods carried out financial and tax due diligence on behalf of Hercules.

Rich Grover, Corporate Finance Director at Hazlewoods, said: ‘Hercules and Future Build perfectly complement each other, and this acquisition will certainly help Hercules to ensure its ambitious growth plans go from strength to strength.

‘It was a pleasure to work with the Hercules team and I wish them all the best for the future.’

Paul Wheatcroft, Chief Financial Officer at Hercules, said, ‘This is our first acquisition, and we hope to do more as we implement our growth plans. We are delighted to welcome the Future Build team to the Hercules family and look forward to working with them.

‘I would like to thank Rich Grover and the Hazlewoods team for supporting us in this process and helping to get this deal over the line.

Hazlewoods is the 6th most active Corporate Finance team in the UK, completing 160 transactions valued at £1.5 billion last year.

If you are considering buying a business, selling your company or are looking for ways to finance your growth plans and would like to find out more about the process, please contact Rich Grover on 01242 680000 or email him: rich.grover@hazlewoods.co.uk