OfficeTeam has announced the acquisition of ZenOffice Limited, the £15m, rapidly-growing and profitable Manchester based business.
This is the 40th acquisition completed by OfficeTeam at a time the dealer base is consolidating in an ever changing market. The re-emergence of OfficeTeam as a natural home for dealers wishing to sell their business will be good news for the dealer base. It also reinforces the support Better Capital provide to OfficeTeam and the wider SPOT Group, providing opportunity for the future.
Commenting on the Acquisition, Les Kerr, Zen’s CEO commented: “We are delighted to have completed on the transaction with OfficeTeam. Zen has seen tremendous growth in recent years and the coming together of these two great businesses under the same group can only help further develop the business. OfficeTeam, with its proven track record and highly experienced management team was the clear choice for Zen.”
Jeff Whiteway, CEO of OfficeTeam, added: “I have known the Zen business and the senior directors for many years, highly respect them and take this opportunity of welcoming them and their staff in to the Group. This acquisition provides a start for further growth within the OfficeTeam Group. Having made so many successful acquisitions, for both seller and buyer in the past, OfficeTeam are the perfect choice for building value.”
As in the past, the SPOT Group is supportive in providing the benefits and knowledge of OfficeTeam to supporting Spicers dealers. The Zen acquisition further supports that ability.