Meraki Capital has acquired Chester-based TBC Recruitment for an undisclosed fee,marking its fifth acquisition of the year in under three months.

Meraki Capital has acquired Chester-based TBC Recruitment for an undisclosed fee, marking its fifth acquisition of the year in under three months.

TBC will become part of the Magnus Search brand - the recruitment company acquired by Nick Gordon’s Meraki Capital last year.

Magnus is being developed through a series of strategic acquisitions and is led by MD Bradley Wood. This new deal will provide access to a £8 million funding facility for the group.

TBC Recruitment specialises in blue-collar recruitment across sectors including warehousing, food production, logistics, distribution and basic manufacturing. The business has 31 members of staff and over 650 temporary workers across its client base.

Nick Gordon, founder of Meraki Capital, said: “As with so many recruitment companies right now, the company has struggled to keep up with wage inflation, increased National Insurance costs and the broader rise in employment costs. This industry is at a precipice - these traditionally low-margin blue-collar recruiters are being hammered by this Government. But these great companies cannot just disappear, losing all these jobs with them.

“We see that TBC is fundamentally a strong business with a loyal client base and a highly experienced team. Bringing TBC under the Magnus brand allows us to provide the resources, technology and commercial support needed to help the business become profitable again and realise its full potential.”

TBC was founded and led by Jason Fox. He had already been planning a transition toward semi-retirement. That transition process will continue, with the existing management team remaining central to the business under Meraki Capital’s ownership.

Jason said: “I’m really very pleased and excited for TBC’s next steps. We’ve worked hard and grown a wonderful team. But my time is now to move away for the new talent to take over. Nick has offered me a solution in order to continue the business under new ownership without my team being affected. It’s an exciting future for them all, which I will watch from afar with great confidence and pride.”

The acquisition forms part of Meraki Capital’s strategy to build a scaled recruitment platform through targeted acquisitions of established sector specialists, combining local expertise with the resources, infrastructure and technology needed to accelerate growth.