Potensis Recruitment acquired by FL Partners

Potensis Recruitment, one of the largest recruiters to the UK housebuilding and construction industries, has recently been acquired by Irish investors FL Partners.

Potensis, founded in 2000, provides temporary and permanent recruitment services to the residential housebuilding, social housing and commercial construction sectors. It recruits across all job levels and its clients include many of the UK’s leading publicly listed housebuilders and social housing groups. Most of its clients have worked with the firm for at least a decade.

Jared Sullivan, Founder and Managing Director, has invested alongside FL. Steven Kirkpatrick has been recruited as CEO of the Group and is also investing in the company. Steven has worked in recruitment for 20 years and was formerly CEO of Cordant Recruitment and, before that, was Managing Director of Adecco’s UK general staffing businesses.

The need for housing in the UK remains acute and Potensis will seek to extend its existing strong positions in the London and the South East residential and social housing markets more broadly throughout the UK. It is also seeking to expand internationally to Ireland and Germany.

Peter Crowley and Neill Hughes, Founders and Managing Partners at FL Partners said: “We are very excited about the opportunities for Potensis. There is huge demand for housing in the UK with at least 300,000 new homes needed annually for the foreseeable future and only 170,000 built in 2016. Human capital is critically important to addressing this significant deficit and Potensis helps its clients get the right people for this strategically important and rapidly evolving market.”  

“Over the last 16 years, Potensis has grown into a strong business with a loyal client base and a leading specialist offering. The transfer to new ownership under a new management team will position the company to deliver on its exciting growth plans.”