2024 Recruitment M&A report

Despite 2023 being a challenging year for most UK recruitment businesses, transaction volumes continued at a robust level, whilst UK GDP data showed that the wider UK Recruitment market experienced modest growth during the year.

In this year’s report, we look at the key sectors receiving investment, hear from two CEOs who have recently been on the M&A journey, and our Head of Growth Advisory Paul Morris shares his advice for management team’s considering embarking on a PE journey. 

Download the report to find guidance on value creation, the latest IR35 policy, labour supply chain compliance and what this all means for recruitment firms. 

Recruitment trends 2023

Read more about the trends we’ve seen during 2023 in the recruitment sector, including:

  • Key verticals within the recruitment market which are experiencing higher levels of deal activity 
  • Impacts of the Bank of England base rate movement 
  • How Private Equity continues to have a profound impact upon the sector
  •  Analysis showing the most active buyers within the sector 
  • Overseas M&A activity involving recruitment companies in the UK 


Explore our Recruitment Q&A

In this edition we are joined by Matt Gillen, CEO of Concept and Wendy Morgan, Founder and CEO of Jumar, who are both experiencing PE investment via Aliter Capital. They share their key takeaways from the process and how their roles have evolved post-deal. 


If you would like to discuss any of the content in this report or are a recruitment business looking to speak to an M&A expert, please do get in touch. 

2023 – Mid-year Recruitment Market Snapshot

In August of 2023 we published our mid-year snapshot of M&A activity in the recruitment sector. This showed us that figures for the first half of 2023 show that M&A activity in the recruitment sector remained resilient despite the various economic headwinds. 


Download the report