The de Poel group of companies has been acquired by Geometric Results, Inc. (GRI), a wholly owned subsidiary of MSX International (MSXI). MSX is the world’s largest independent Managed Service Provider (MSP) with $4 billion in managed non-employee labour spend and clients in more than 70 countries. The deal has been created by Bain Capital Private Equity.
Headquartered in Cheshire and managing a temporary recruitment spend of over £750m, de Poel is the UK’s leading independent recruitment outsourcing expert in managing and engaging non-permanent workforces. Through their relationships with 3,500 recruitment agency partners, de Poel serves over 120 private and public-sector clients – with their neutral vendor solution supported by their own unique technology platform, e-tips®.
By combining with GRI, de Poel is positioned to provide neutral vendor services to an even broader array of industries on a global scale, as the world’s largest pure play neutral vendor. de Poel CEO, Andrew Preston, will continue in his role as UK CEO of de Poel.
“Partnering with a vendor neutral, independent partner is a highly-effective outsourcing strategy for our clients,” commented Andrew Preston, CEO of de Poel. “This is why so many household names in the UK choose to trust the management of their non-employee workforce to us. We are very excited to join with GRI. The acquisition will allow us to move more quickly to broaden the scope of our services for our existing and future clients.”
“Together, GRI and de Poel are the world’s largest independent MSP provider. de Poel’s commitment to operate as a vendor-neutral MSP mirrors GRI’s service offering,” said Art Knapp, President of GRI. “Since neither company is affiliated with a staffing firm, each creates individualised, strategic solutions for every client. Merging de Poel and GRI creates a leading global extended workforce solutions provider with a strong US and European presence.”
“We are pleased to welcome the de Poel organisation to our portfolio. The immediate benefits to GRI will be to increase our geographic diversity, branch out into more industry sectors, and broaden our customer base,” echoed Charles Megaw, Operating Partner at Bain Capital Private Equity. “When completed in late January 2018, de Poel will be our first acquisition following the purchase of MSXI a year ago, fulfilling our commitment to organic growth and strategic investments.”