Multi Group plans buyout rampage

Former tool hire and software firm Multi Group has hired Redleaf Communications as it prepares to go on an acquisition spree.

The company, which refinanced itself in 2003 and relaunched this year as a cash shell with £5.1m, recently bought Berry Recruitment and Grays Personnel.

Multi Group was founded in 1992 as a tool hire firm to the construction industry. But after the business got into difficulty it was refinanced and its tool hire and software investments were sold off.

The group acquired Berry and Grays in May and June this year respectively and is planning further acquisitions in the medical recruitment sector.

Multi Group believes medical recruitment and other non-cyclical recruitment sectors are ideal investment areas because demand for staff is not affected by economic downturns.

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