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Chandler McLeod pays $2m for Karratha firm

SYDNEY-BASED recruitment firm Chandler McLeod has expanded its operations in the Pilbara region by acquiring Karratha-based labour hire firm, Mangrove Personnel, for more than $2 million. Chandler McLeod says the acquisition is expected to be earnings accretive from the outset, and is the first to be funded by the recent $12 million capital raising undertaken by the company to deepen its capabilities across its ‘house of specialist brands’ business model. Mangrove Personnel provides contract and permanent staff to companies in the buoyant Pilbara region of Western Australia, and has operated for about five years. With annualised sales of about $7 million, the business employs approximately 100 on-hired contractors, as well as three permanent staff. The founder of the business, Grant Cucel, will join Chandler Macleod and continue to build the business, as a part of the acquisition.

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