On completion, the move is set to create the world’s most forward-thinking workforce solutions provider serving the energy, process, infrastructure, mining, construction and technology sectors. Airswift aims to complete the transaction by the end of August 2023.
Harnessing over 60 years of combined workforce expertise and access to over 1.7 million professionals across 70 countries, the acquisition will provide the market with an enhanced recruitment offering. On deal closure, both Energy Resourcing and Airswift clients will benefit from access to a deeper talent pool, enhanced delivery capabilities and a broader range of locations.
Upon closing the deal, Airswift will fully integrate Energy Resourcing into its existing brand, systems and processes. The companies are committed to ensuring business continuity and minimal disruption for clients, contractors and employees as the acquisition process develops.
Janette Marx, Chief Executive at Airswift, says: “This signing today marks an important milestone in our global growth journey. Energy Resourcing is a perfect match for Airswift – together we are one of the world’s largest and best-connected workforce solutions providers and will offer clients access to greater pools of talent and expertise, wherever they operate. Not only that, but our common ground on culture and a commitment to creating the best opportunities for our people will translate well as we progress with the final deal closure.”
Ryan Hill, Managing Director at Energy Resourcing, says: “We’re delighted to sign this deal today. It’s a move that will not only enrich our offering for our clients, contractors and candidates but also will provide more opportunity for our people to develop their careers across a more varied client base.”
Airswift investors Reiten & Co and Wellspring also comment on the deal.
Bård Ingerø, Managing Partner at Reiten & Co, says: “This acquisition allows Airswift to accelerate its rapid growth by its continued STEM service offerings across a broader geographic range as we know that access to talent is a key focus for our clients across all industries. Airswift has strong financial backing from both the investor and bond markets today and the combined size of the company opens further options for securing attractive funding opportunities in the future.”
Matt Harrison, Managing Partner at Wellspring, adds: “Energy Resourcing bolsters Airswift’s already impressive offering. In addition to the growth opportunities enabled by a deeper shared candidate pool, the two businesses share a commitment to quality service that perfectly sets them up not just for success over the long-term but for a smooth integration over the coming weeks and months.”