Geometric Results Inc (GRI), a wholly owned subsidiary of MSX International, has acquired the de Poel group of companies. Headquartered in Knutsford with an office in Sunderland, de Poel is the UK’s leading Managed Service Provider (MSP) for the purchase of non-employee workers.
Currently serving more than 120 private and public-sector clients, de Poel provides vendor-neutral MSP programs supported by its own unique technology platform.
The company’s experienced management team focuses on helping clients realise the benefits of outsourcing while coordinating with more than 1,500 recruitment agencies weekly. By combining with de Poel, GRI is positioned to provide MSP services to an even broader array of industries such as automotive, technology, oil and gas, health care, retail and education.
Liberty Corporate Finance advised the team on their exit from the current structure and their equity incentive arrangements in the MSXI structure
“Partnering with a vendor neutral, independent partner is a highly-effective outsourcing strategy for our clients,” said Andrew Preston, de Poel’s president. “This is why so many household names in the UK choose to trust the management of their non-employee workforce to us. We are very excited to join with GRI.”
It was important for MSXI and its private equity owner, Bain Capital, that de Poel management, led by Andrew Preston, remained within the Group post transaction.