Growth Strategy on Track with Acquisition of The Workr Group

Growth Strategy on Track with Acquisition of The Workr Group

May 25, 2021

Workwell News

Workwell (formerly the JSA Group) Growth Strategy on Track with Acquisition of Workr Group

We are pleased to announce the acquisition of The Workr Group. The transaction marks our 11th acquisition since 2013 and our 6th since 2018 when we received backing from Universal Partners.

We now support more than 800 recruitment businesses and 25,000+ freelancers and contractors offering a complete range of compliance, accountancy, employment and financial management services. With a 30-year track record, we have scaled whilst maintaining a unique blend of highly personalised support and online, technology-enabled solutions for recruitment agencies and workers alike.

The acquisition of The Workr Group strengthens our offering, notably by enabling us to provide additional technology, funding and consultancy services to the contingent workforce supply chain community, including back-office management solutions for recruitment agency partners. In addition, we will now be able to provide comprehensive compliance and payment solutions to international workers following Workr Group’s success in this arena, today managing over £100m of pay across 85 countries.

John Hoskin, CEO of Workwell, said: “We were attracted to Workr primarily by the sheer quality of its people and breadth of services. It adds not only meaningful scale in our core outsourced employment, payment and accounting services but also significantly to the capabilities we can offer our customers and to the contingent workforce supply chain community, from international payment solutions in a substantial range of territories to recruitment back-office outsourcing, compliance, funding, and technology.”

Matt Tyson, MD of The Workr Group, said: “Over the last seven years, Workr has become synonymous with great customer service and innovation in the solutions we offer recruitment agents and the flexible workforce. Having spent a considerable amount of time speaking with JSA (now called Workwell) about their approach and the way they work, we are confident we have very strongly aligned values and that this transaction will be positive for our staff, clients, and contractors. The Board, all of whom are staying with the business, and the team at Workr, are tremendously excited about the prospect and potential of a collective offering with JSA.”

The growth of Workwell reflects the continued upward trajectory of the UK’s flexible workforce which looks set to continue as the economy recovers from the COVID-19 pandemic. We are headquartered in Watford, UK, now with offices in London, Manchester, Leeds, Chester and Edinburgh as well as regional offices in the USA and Dubai following the acquisition of The Workr Group.

 

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