A private equity firm has expanded with a takeover following £6.75 million support.
AMC Private Equity has bought construction and civil engineering recruiter Linsco.
Bosses say the deal will boost the Nottingham-based operator’s plans to become “the largest construction-focused agency in the UK”.
London-based AMC Private Equity was backed by an invoice discounting facility and loan from Bibby Financial Services to complete the agreement.
Jeff Cruddington, AMC Private Equity partner, said: “We’re excited to enter this next phase for AMC and Linsco.
“Bibby Financial Services supported us at every stage of the process.
“They took the time to get to know our business and develop a clear understanding of our goals, ultimately creating a funding facility precisely tailored to our needs.”
Glenn Souter, Bibby Financial Services’ corporate business development manager, added: “It’s a privilege to partner with AMC on this new venture.
“Their ambitious growth strategy, combined with our team’s expertise in the construction and recruitment sectors, has created a strong foundation for success.
“We look forward to seeing their continued growth.”
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