A Wigan-headquartered group's sales are set to surge to more than £750m after acquiring a Manchester recruitment company from a private equity firm.
Challenge-trg Group has snapped up PMP Recruitment from investment house Twenty 20 Capital for an undisclosed figure.
The group will now employ more than 500 operational staff and over 40,000 temporary workers.
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PMP Recruitment's clients include the likes of Amazon, XPO Logistics and Del Monte.
Tom Cropper, group CEO of Challenge-trg, said: "This is a really exciting time for Challenge-trg and PMP Recruitment.
"By coming together and pooling our resources and experience, we can offer our clients the ultimate service in our sector.
"Incredibly, in our first year of trading in 2011, Challenge-trg revenues stood at £750k; post deal and 10 years on, we’ll hit 1000 times this number – a real achievement.
"As a business, our vision and values align – PMP Recruitment is a leader in establishing protocols in the abolishment of modern slavery and Challenge has focussed on creating a work environment that develops and supports our employees.
"Through the combined passion for service and continual innovation and investment in technology and training provision, this merger is undoubtedly going to create opportunities for personnel and clients alike."
Jamie Reynolds, who joins the Challenge-trg Group board, added: "This deal creates a business that can deliver seriously tailored support to our clients.
"We’re very proud to have made this happen, we believe it means we can create many more jobs across the country at a time when employment is desperately needed.
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"Our values are paramount, and Challenge-trg Group matches all of them. I’m very much looking forward to the future."
Advisors to the deal were Grant Thornton, Hill Dickinson and Intechnica.
