Dulsco Group acquires Advance Global Recruitment Ltd (AGR) as part of international expansion plans
Dubai, Monday 6 March 2023
Dulsco Group, the leading provider of integrated People, Environment and Talent solutions, today announced that it has acquired Edinburgh-based Advance Global Recruitment Ltd (AGR), specialists in energy recruitment.
With a proud history of nation-building services in the UAE dating back to 1935, Dulsco Group is synonymous with leading manpower solutions. The purchase of Advance Global Recruitment Ltd (AGR), with offices in Scotland and the UAE and clients across 70 countries, brings specialist oil, gas and renewables expertise and international reach and builds on Dulsco Group’s capabilities in this space.
“The acquisition of AGR is a significant milestone for Dulsco Group as it will accelerate growth in the UAE and, critically, in new international markets. We are very excited by the drive and tenacity founders, Stuart Hunter and Cameron Taylor, bring to the group and their talented team. As we worked through this transaction, it was clear that their solution-based engagements are a natural fit, and AGR’s client and people-focused culture echo Dulsco’s own. It is an exciting addition to the Group”, remarked David Stockton, CEO of Dulsco Group.
Stuart Hunter, CEO of Advance Global Recruitment Ltd (AGR), said, “I’m proud of what the team has achieved in the past ten years, positioning AGR as leaders in energy recruitment, and I am looking forward to taking AGR to the next level, joining forces with Dulsco Group, and combining our talent.”
Lumina Capital Advisers acted as lead financial adviser to Dulsco LLC during the acquisition process. Dulsco Group’s CEO David Stockton commented, “Lumina was instrumental in ensuring that our collective objectives were met while minimising our risk. They ran an extremely professional process. The attention to detail and deep understanding of Middle East/UK cross-border M&A transaction issues was a key factor that contributed to the success of this deal.
George Traub, Managing Partner of Lumina, said, “We are delighted with the successful outcome of this deal. The Dulsco team was a pleasure to work with, and their collaborative efforts helped ensure the deal process was efficient and cost-effective. We continue to see significant M&A activity in the energy and related sectors between the Middle East and the UK, supported by bilateral trade and investment initiatives between the two regions.”
Advance Global Recruitment Ltd (AGR) will continue to be led by Stuart Hunter as CEO and their management team in all locations.
This acquisition follows Dulsco Group’s purchase of Parisima Talent Ltd in July 2022.
About Dulsco Group:
Dulsco Group is a homegrown integrated solutions provider; the Emirati Company has over 14,000 employees and offers services to make the community more productive, efficient, and sustainable while improving well-being and quality of life.
Launched in 1935 as a Manpower Solutions provider, Dulsco Group has grown its business to become a leader in the People Solutions, Environmental Solutions and Talent Solutions sectors. Dulsco Group provides solutions for over 3,500 companies and organisations across the Middle East. Our commitment to our diverse clientele is reflected in its management systems certifications such as ISO 9001:2015 for Quality and ISO 14001:2015 for Environment, and ISO 45001:2018 for Occupational Health and Safety.