Shorterm Group

Sector: Business Services
Location: South East
Website: www.shorterm.co.uk
Date of investment: Nov-16
GCP board members:
Giles Whitman, Garrett Curran

About

Leading specialist technical engineering recruitment and training company, supporting a wide range of household names in the aviation, automotive, power and rail sectors in particular
Market leading service quality, innovation, flexibility and transparency make Shorterm a trusted partner for its clients
Based in London with 12 offices across the country, stretching from Doncaster to Southampton

Why we invested

We are backing an experienced senior team, supported by a high calibre second tier
Resilient end markets with positive growth drivers, such as a shortage of skilled engineers
History of strong, high margin revenue growth and cash generation, with good visibility going forward
Strongly differentiated position with a small share of a very large market, excellent customer feedback, and a proven ability to grow its share

How we are making a difference

GCP’s investment and partnership with management will support the continued strong growth of the business, facilitate its entry into new sectors and accelerate the development of its training division
GCP funded the entire transaction, with no external debt, and has committed further funds for acquisitions, increasing the deliverability of the initial transaction and also the company’s growth plans
Providing access to a broad network of contacts, to further expand its customer base

Shorterm Group is at a very exciting stage of its development and we are delighted to have GCP involved to help us take the business forward. GCP has a great reputation for enabling companies to achieve their potential, and we look forward to working with them towards increasing our customer base and range of services
Steve Gallucci CEO of Shorterm Group