Bluetec sold to Morson plc

Clearwater Advisor

Press Release

Recruitment consultancy Blue Group International Limited has announced the disposal of its Bluetec business to Morson plc.

Bluetec specialises in the placement of permanent workers to the construction sector and is one of the UK’s largest dedicated construction search consultancies. Bluetec works with many of the UK’s leading construction houses and was the first recruitment company to launch a dedicated contingency search offering to the UK market for middle to senior level managers and directors within the construction sector.

Advising Blue Group International on the disposal was Clearwater International led by partner Marc Gillespie and Ben Wilson. The deal will enable Morson to further develop its expertise in the construction sector. With a turnover approaching £9 million Bluetec is based in London and has plans to develop a regionalisation programme which will include the opening of further offices. International expansion is also on the horizon for Bluetec with the Middle East being a key area.

Bluetec have placed candidates at landmark projects such as the new Wembley Stadium, Battersea Power Station, St Barts PFI Hospital, Kings Waterfront Liverpool and Manchester Royal Infirmary PFI.

“This is a good acquisition for Morson. Bluetec has the advantage of having secured key customer relationships within the industry as well having a team of consultants professionally trained and geared to such a model and this will further enhance Morson’s offering in the market.”

John Zafar, Chief Executive, Blue Group International

“This is an excellent result for Blue Group International. We were appointed by the Company to find an acquirer with the appetite to take on a major player in the sector. Bluetec has a strong and well balanced management team and I have no doubt they will go from strength to strength within Morson.”

Marc Gillespie, Partner, Clearwater International