One of Nottingham’s leading independent recruitment consultancies Elizabeth Michael Associates has been sold for an undisclosed seven-figure sum.
Founded in 1991 by John Hyde, the Nottinghamshire consultancy is renowned for its success in both temporary permanent placements across a variety of sectors.
John said: “For almost 30 years, I have always sought to emphasise the key values of honesty and integrity in professional dealings in business. We have enjoyed tremendous success and growth over the years at Elizabeth Michael, and I firmly believe this is down to our keen desire to always maintain these core values in all our dealings with people – whether colleagues, customers or suppliers.
“Today the pressures in business and on people are even greater and in our consumer age ‘getting ahead’ is too often put above all else and maintaining good relationships. Short term advantage is usually fleeting. Instead, building a more solid, long term reputation for trustworthiness and reliability has always been my goal and our guiding values at Elizabeth Michael.
“I hope that the values we have sought to promote at Elizabeth Michael will carry forward with the new owners. Approach Personnel are a fantastic business, and they have built a solid track record, and as such, I am confident that the two businesses together will go from strength to strength.”
Recruitment agency Approach Personnel bought Elizabeth Michael Associates, describing the firm as the “perfect acquisition”.
Alan Spalding, Managing Director of Approach Personnel, said: “I have known John Hyde for many years and the acquisition of such a fantastic business was an opportunity that myself and my business partner Adam Charlesworth were both delighted to complete. ‘Approach’ has become a multi-million-pound turnover business, now working out of a 4300 sq ft building that we purchased in 2016 to facilitate our ambitious growth plans. We felt the time was right to add further to our portfolio and jumped at the chance to purchase such a great business and brand”.
Fraser Brown Solicitors corporate lawyer Tom Gray and assistant solicitor Hannah Raven advised Elizabeth Michael founder John Hyde on the transaction.
Commenting on the deal, Tom Gray said: “Elizabeth Michael Associates is a first-rate business with a tremendous reputation. Its name is a by-word for professionalism and reliability. In large part, this is down to John Hyde. His drive and determination to uphold the highest standards in all professional dealings has imprinted itself upon this business and is in the DNA of its brand. It was an absolute pleasure to be associated with this transaction.”
Featured Image: Left to right Hannah Raven, John Hyde, Alan Spalding