Training, supply and management group Workforce Holdings announced in January that it had acquired the various operating companies, comprising outsourcing solutions provider Quyn Outsource Solutions. Workforce has predominantly placed staff in nontechnical positions and adding Quyn to its service offering allows the company to grow its portfolio of services and revenues into the technical skills sector.

The deal, which is worth about R75-million, sees Workforce buying outsourcing companies Quyn International Outsourcing, Quyn Payroll Services, Quyn HR Consulting, Molapo Quyn Outsourcing and temporary employment solu- tions provider Sizuluntu Staffing Solutions from private investment company Quintonox Investments.

In terms of the transaction, the broad-based black economic-empowered shareholding in Sizuluntu Staffing Solutions will not be acquired by Workforce. Quyn will continue to trade as a standalone business through its various operational entities and will form part of Workforce’s Staffing and Recruitment division.

Established in 1988, Quyn offers its domestic and international clients a range of outsourced staff-related services, including temporary employment solutions, payroll administration and management, human resources and industrial relations consulting and permanent placements.

“Quyn’s expertise, which is the provision of technical skills to its clients across a range of industries, represents diversification for Workforce, which operates predominantly in the nontechnical labour segment,” says Work- force Staffing MD Sean Momberg. “The com-bined entities will allow for the achievement of economies of scale and optimisation of operations,” he adds.

“Access to Workforce’s working capital will expedite Quyn’s growth, while our existing client base will allow Workforce to cross sell and offer its range of diversified human capital-related services to our clients,” says Quyn MD Wayne Alcock.

Meanwhile, in October last year, Training Force, a wholly owned subsidiary of Workforce, acquired specialist mining training service provider Prisma Training Solutions. Training Force provides businesses with accredited training to effectively upskill and uplift employees, and adding Prisma to its service offering allows the company to grow its portfolio of services and revenues into the mining sector.

The deal is worth about R65-million subject to the achievement of profit targets over a three-year period.

“The Prisma acquisition allows us to diversify further, in line with our strategy of adding depth to our service offering, expanding our geographic reach and following through on our promises to investors that we would grow the company through organic as well as acquisitive growth,” says Workforce Holdings CEO Lawrence Diamond.