SPG Resourcing eyes £11M revenue after management buyout

What's the deal? SPG ResourcingDealroom has a profile for this one. Try Dealroom →, a Leeds-based technology recruitment firm, has completed a management buyout from parent company The Solution Performance Group for an undisclosed sum. Co-founder Sam Hameed now controls the business and is targeting rapid growth.

The numbers: SPG expects £5 million in revenue this year and wants to reach £11 million within two years. It plans to grow its workforce from 10 to 18 by the end of 2027, after nine consecutive months of growth in 2026.

What's the endgame? The firm aims to enter new markets, including life sciences and deep technology, while expanding geographically. It will keep its Leeds headquarters and recently opened Manchester office, and plans to open in London and strengthen its US operations.

Why now? The buyout lets Hameed set his own strategy. "The management buyout gives us the freedom to decide where we invest and how we grow," he said. The deal also frees former parent The Solution Performance Group to focus on its deep-technology operations.

What could go wrong? Doubling revenue in two years is ambitious, and much of the plan rests on hiring. "Recruitment is a people business, and we need to attract good consultants who want to develop their careers with us," Hameed said.

The signal: The deal reflects a resilient UK recruitment sector, where RSMDealroom has a profile for this one. Try Dealroom → counted 19 deals in the first quarter of 2026 and 17 in the second, with private-equity activity largely focused on add-ons. Other recent moves, such as The Recruitment GroupDealroom has a profile for this one. Try Dealroom →'s acquisition of Midlands rival Ethero after its own buyout, show founders and trade buyers using ownership changes as a springboard for expansion. With terms undisclosed, SPG's real scale and trajectory remain hard to judge.

Read more: bdaily.co.uk

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