Trethowans completes purchase of StaffAid by MCG Group

23 Jul 2021

Trethowans’ corporate team in Bournemouth has successfully advised on the purchase of Lincoln-based nursing agency, StaffAid, by multi-national recruitment company, MCG Group.

The deal, which completed on Friday 28 May, was the fourth in a series of acquisitions handled by Trethowans on behalf of the rapidly growing MCG Group.

MCG Group provides recruitment services for a range of sectors, specialising in aerospace, construction, education and technology, with the latest acquisition complementing its thriving healthcare division.

Trethowans’ corporate team led by partner, Mark Nixon, and associate solicitor, Jonathan Sherman, managed the transaction from beginning to end, handling the negotiation, the preparation of legal documents, and due diligence checks.

Specialists from Trethowans’ commercial property, tax and banking teams also played an important role in the successful execution of the sale, collaborating on necessary aspects to ensure a swift completion.

Colm McGinley, CEO at MCG Group said: “We’re delighted to have been able to acquire yet another business as part of our ongoing growth strategy. We’d like to say a special thank you to Trethowans for their continued support – we know that we’re always in safe hands with their team.”

Mark Nixon, corporate partner, commented: “It’s been reassuring to see the corporate and commercial markets continue to prosper, both locally and nationally, despite the pressures of the pandemic.

“We’ve assisted MCG Group on a total of four acquisitions within the last two years and it’s been a pleasure to help with their continued growth. We look forward to celebrating many more successes with them in the future.”

 

Author

Mark Nixon

Partner