TXM Group expands into global markets through recruitment firm acquisition

By Alice Bird

TXM Group has snapped up a global energy staffing agency, to support its strategy to build an active presence in the market, in a deal supported by RG Corporate Finance. The Milton Keynes-based company has acquired Petroplan, which has a presence across four continents and UK offices in London, Guildford and Manchester.  It provides contingent and permanent recruitment services throughout the energy industry, including natural resources, renewables and infrastructure.

Through its resourcing division, TXM Group provides a range of human capital services.  The move will strengthen its global presence by expanding into new territories, while Petroplan will be able to utilise TXM Group's resources and technology to support its continued growth.  Petroplan was advised by Newcastle-based RG Corporate Finance (RGCF) led by CF partner Nick Johnson and CF manager Sam Shield.  Legal advice was provided by London based Preiskel & Co, led by consultant Tina Cowen and partner Karthyaeni Vittala.

Keiron Gallimore, chief executive of TXM Group, said: "Petroplan has a long-standing presence in the energy sector, with a strong brand and a dedicated team of professionals serving a global client base.  I am immensely excited about the opportunity this brings for both TXM and Petroplan to facilitate future growth, opportunity, and success for the teams and their customers."

Christopher Honeyman Brown, chief executive of Petroplan, added: "This is a momentous occasion for Petroplan. Joining forces with TXM Group enables us to leverage their extensive resources and cutting-edge technologies. Together, we will set new benchmarks in the energy recruitment industry, ensuring that our clients have access to the best talent and our candidates find the best opportunities."

Nick Johnson, corporate finance partner at RGCF, said: "Petroplan has a rich history and impressive track record in the global oil & gas/energy sector. The combination with TXM is very exciting, giving Petroplan the support of the larger organisation and TXM the ability to develop its activities in a new global sector. The team at Petroplan will be valuable additions to TXM Group and we wish them and the combined group well as they continue to scale the business."