Interserve buys training company for £17.5m
Interserve has paid £17.5m for a training company which helps the unemployed find work across Yorkshire.
The acquisition of Business Employment Services Training Limited (BEST) strengthens the company’s presence in the public sector market.
BEST has a turnover of £17m generating operating profit of £3m.,
Adrian Ringrose, Chief Executive of Interserve, said: “The acquisition of BEST reflects our strategy of developing as a top-tier public services provider, delivering front-line services.
“It builds on our existing relationships with both the Department for Work and Pensions and the community in Leeds and the surrounding area, provides a foundation for offering more broadly-based community services and enhances our role in training and skills development.”
Chief executive Adrian Ringrose is expanding Interserve in the training market