Challenge Group acquires TRG
Challenge Group, the logistics recruitment and distribution company backed by Praetura, has acquired TRG Logistics to form one of the largest independent providers of HGV drivers and warehouse staff in the UK.
The undisclosed deal will see the two companies merge to become Challenge TRG Group, with current TRG CEO, Nick Gordon, and TRG MD, Steve Imber, continuing in their roles, as well as becoming shareholders in the newly-formed business.
Challenge TRG Group, which will have a combined turnover of GBP 120 million, will collectively employ around 4,000 temporary workers and 150 permanent employees and will continue to operate from two HQ sites in the north and south – Wigan, Greater Manchester and Banstead, Surrey – alongside its regional hub structure, providing UK-wide support to its clients with offices from Livingston to Avonmouth. (mw)