Sydney, August 31, 2018 PM-Partners group, a specialist in the execution of projects, programs and transformations, today confirmed it has finalised an offer by OUTSOURCING Inc (OSI) to acquire the business effective September 3, 2018.
The sale means PM-Partners group will become a specialist arm of a major global company with access to increased resources and customers. Through this investment, PM-Partners group will continue growing its capability to help large scale organisations maintain their competitive market edge and mitigate risk during transformation and turnarounds.
OSI together with its subsidiaries, provides outsourcing, recruitment and placement, worker dispatch, and employment placement services in Japan and internationally. The relationship provides OSI with the opportunity to realise value for its shareholders, and OSI sees the value in improving the performance and productivity of PM-Partners group’s customer base.
“We have recognised and acted on the need to increase our geographical coverage and to provide increased services to our customers,” said Ken Sheargold, Chief Executive Officer at PM-Partners group. “This integration into a globally large group means we can offer services working directly with the endorsement of a highly successful global business. Importantly, becoming part of OSI means we now have greater access to globally proven systems, processes and information to offer increased value to our customers.”
Mr. Masaki Motegi, Senior Executive Director & Head of Overseas and Domestic Engineering Business Division at OUTSOURCING Inc.: “We have provided outsourcing, recruitment, staffing services extensively to clients both in private and public sectors, mainly in Japan, Australia, New Zealand and England. As a result of PM-Partners group becoming a part of OS group, we will surely strengthen our customer bases and service line-ups. We are delighted to welcome PM-Partners group with its excellent management team. We are expecting the management team to strive for continuous growth, while we will be working closely and cooperatively with them to maximise group synergies.”
Following completion of the sale, PM-Partners group will remain standalone in operation as a specialist arm in improving components for existing and new customers. It will continue to deal directly with customers with the same staff from the same location and benefit from the support of OSI whilst remaining a specialist supplier.
The change of ownership takes effect on 3 Sep 2018. PM-Partners group will still trade under the name “Project Management Partners group” with its IP, brand, staff and systems remaining in place.
Click here to read The Australian Financial Review article