JSA Services has acquired K&B Accountancy Group and its sister company Cloud9 Umbrella. This marks JSA’s 8th acquisition transaction since 2013, incorporating the consolidation of over 10 brands in the sector into its scalable and highly efficient operating platform and seeing the group now servicing more than 12,000 customers via its online, tech-enabled, subscription revenue model.
For almost 30 years, JSA has provided a service to many tens of thousands of flexible workers and hundreds of recruitment and staffing businesses, with which it has developed long-term partnerships in support of the inexorable growth and importance of the flexible workforce.
John Hoskin, CEO of JSA, said: “K&B and Cloud9 are both well-known brands in the sector, with a well-established base of customers and a reputation for providing excellent customer service and developing strong relationships with their clients. The business operates from Canary Wharf and services a high volume of clients there and in the City, a heartland market for highly skilled freelance professionals, and employs an impressive range of routes to market, which are highly complementary and additive to those we already have at JSA. It also enjoys a fantastic, sector-leading level of customer retention and recommendation, all of which is testament to the team that built the business and whom we are delighted to welcome to the JSA family. We look forward to integrating the businesses culturally and operationally as swiftly as possible, whilst maintaining their growth.”
He added: “These acquisitions also mark the real beginning of the execution of the next phase of our strategy, backed by the significant minority ownership of JSA by Universal Partners, which was concluded earlier this year, and we continue to look for strategic acquisitions in what remains a market with scope for significant further consolidation.”