Calash is pleased to announce that it provided vendor commercial due diligence to support Longacre Group on its sale of Taylor Hopkinson, a specialist recruitment partner for the renewable energy sector, to Dutch flexible workforce solutions provider Brunel International.
Glasgow-headquartered Taylor Hopkinson provides permanent and contract recruitment solutions, retained search and professional advisory solutions to enable its clients to develop, finance, construct, and operate renewable energy projects globally.
Calash provided vendor commercial due diligence on behalf of Longacre Group, which included a review of Taylor Hopkinson’s business activities, underlying commercial drivers across the solar, wind, hydrogen and energy storage markets, a review of its addressable market, a competitive analysis exercise, and extensive customer and market referencing.
The acquisition supports Brunel’s strategic direction to be the leader in specific segments of the international professional labour market. Taylor Hopkinson expects to achieve a revenue of over €50m in 2021, a growth of more than 60% year on year. The (prorated) enterprise value of the company is €32m.
The Calash team included Callum Evett and Jimmy Williamson.
“During Longacre Group’s ownership, Taylor Hopkinson has grown to be the largest pure renewable energy recruitment business in the world. Since Longacre Group invested, we have grown our employee base three-fold, established a presence in Asia, and quintupled profits. With a compliance record that is unsurpassed alongside a truly global footprint, we will be able to support the energy transition wherever in the world our clients are today and will be tomorrow. We are looking forward to using our joint expertise to set a new industry benchmark for outstanding service delivery in renewable energy workforce solutions.”
Tom Hopkinson, CEO, Taylor Hopkinson
Read the full press release Here
Taylor Hopkinson was founded by Tom Hopkinson in 2009. It has grown organically to become the biggest pure-play renewable energy team in the world. It operates through seven international offices on three continents. Its multi-lingual teams specialise in the wind (offshore and onshore), solar and energy storage sectors, placing talent across Europe, Iberia & LATAM, APAC and North America.
Longacre Group seeks to grow through majority acquisitions with access to £100m equity capital in Western Europe. It takes fast and transparent decisions and has full flexibility over its investment horizon. With access to its management resources and deal expertise Longacre Group is the ideal partner for retirement sales, corporate carve out transactions, long term holds, and management buy-outs/buy-ins.
