Templine
Templine is a major supplier of blue-collar labour covering warehouse staff, forklift truck operatives, machine supervisors, general labour and drivers – including Class 1s. It has a national footprint, operating from 30 sites – some being on-site solutions in addition to its traditional high street operations.
When I was seeking investment to buy out Templine, money was only part of the deal - I also needed support and advice from somebody with the sector expertise to take the business to the next level. For me, Key stood head and shoulders above the rest.
Working with Templine...
Investment process
We invested £4.3 million, backing the Managing Director Tony Bucciero to buy-out the two founders who were no longer active in the business.
Growth process
During our investment we supported the successful move into training provision through acquisition via a buy and build strategy that saw the Company acquire nine smaller complimentary businesses. We also recruited a Chairman and a Financial Director, both with strong industry backgrounds.
Exit process
We exited Templine by means of a secondary management buy-out in December 2018 having collectively grown sales from £16m to £120m and increasing employee numbers by 3,000.