IPE Ventures has completed the acquisition of Taskmaster Resources
This is the second acquisition on which we advised IPE in the past 6 months and it provides an excellent platform for further bolt-on acquisitions.
Adam Fletcher, Group CEO of IPE Ventures, commented: “We are extremely excited to welcome the Taskmaster team on board. The business is an established labour provider with a fantastic reputation for customer service and has great potential for further expansion. Taskmaster’s heritage is based upon compliance and customer service, perfectly aligning with our recruitment platform values.”
Adam added: “We are grateful to Philip Ellis and the Optima team for their advice, from helping to prepare the initial offer to deal structuring, assisting with negotiations, helping to manage the deal process and working with our other advisors to coordinate through to Completion. Their support on this transaction was invaluable.”
Financial terms of the acquisition were not disclosed.