DTE Corporate Finance advises GP Strategies Training Ltd on the acquisition of Jencal Training and B2B Engage - DTE Business Advisers Ltd - Accountants in Bury
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DTE Corporate Finance advises GP Strategies Training Ltd on the acquisition of Jencal Training and B2B Engage

BACKGROUND

GP Strategies Training Ltd is a Stockport-headquartered firm which is a wholly-owned subsidiary of US-based GP Strategies Corporation.

Jencal Training was an apprenticeship training agency, while B2B Engage was a learning provider with offices in Berkshire and Greenwich.

GP Strategies had been embarking upon a series of acquisitions, recognising the value of growth in the dynamic training market.

BUSINESS NEEDS

GP Strategies engaged DTE for a period to assist in sourcing off market acquisition opportunities, negotiating with vendors and providing project management through to completion.  GP Strategies did not have sufficient internal resource to carry out a successful acquisition program and therefore relied on DTE’s skills and experience.

DTE SOLUTION

Having worked on a number of transactions with GP Strategies, DTE was well placed to understand exactly what the client’s needs were, how different aspects of the transaction should be communicated and where it should focus its attentions to ensure a smooth process.

This approach was proven over a number of years, with DTE undertaking many similar assignments for GP Strategies.

About GP Strategies Training Ltd

Apprenticeship training provider

  • Sector: education
  • Company size: SME
  • Location: Stockport, Greater Manchester, England, UK

About Jencal Training

Apprenticeship training agency

  • Sector: education
  • Company size: SME
  • Location: Berkshire and Greenwich, England, UK

“This acquisition further expands our capabilities in England, helping people and businesses to access the skills training they need to succeed. The acquisition increases GP Strategies’ 2015-2016 maximum UK government funded contract values to $28 million per year and further strengthens GP Strategies’ position as a major provider of Skills Training in the UK.”

Scott Greenberg
Chief Executive Officer, GP Strategies

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