Meraki Capital has acquired Chester-based TBC Recruitment for an undisclosed fee,marking its fifth acquisition of the year in under three months.

Meraki Capital has acquired Chester-based TBC Recruitment for an undisclosed fee,

marking its fifth acquisition of the year in under three months.

TBC, trading as CSP and Vital People, will become part of the Magnus Search brand

- the recruitment company acquired by Nick Gordon’s Meraki Capital last year.

Magnus is being developed through a series of strategic acquisitions and is led by

MD Bradley Wood. This new deal will provide access to a £8 million funding facility

for the group.

TBC Recruitment specialises in blue-collar recruitment across sectors including

warehousing, food production, logistics, distribution and basic manufacturing. The

business has 31 members of staff and over 650 temporary workers across its client

base.

Nick Gordon, founder of Meraki Capital, said: “As with so many recruitment

companies right now, the company has struggled to keep up with wage inflation,

increased National Insurance costs and the broader rise in employment costs. This

industry is at a precipice - these traditionally low-margin blue-collar recruiters are

being hammered by this Government. But these great companies cannot just

disappear, losing all these jobs with them.

“We see that TBC is fundamentally a strong business with a loyal client base and a

highly experienced team. Bringing TBC under the Magnus brand allows us to provide

the resources, technology and commercial support needed to help the business

become profitable again and realise its full potential.”

TBC was founded and led by Jason Fox. He had already been planning a transition

toward semi-retirement. That transition process will continue, with the existing

management team remaining central to the business under Meraki Capital’s

ownership.

Jason said: “I’m really very pleased and excited for TBC’s next steps. We’ve worked

hard and grown a wonderful team. But my time is now to move away for the new

talent to take over. Nick has offered me a solution in order to continue the business

under new ownership without my team being affected. It’s an exciting future for them

all, which I will watch from afar with great confidence and pride.”

The acquisition forms part of Meraki Capital’s strategy to build a scaled recruitment

platform through targeted acquisitions of established sector specialists, combining

local expertise with the resources, infrastructure and technology needed to

accelerate growth.