Temporary blue-collar staffing business Templine Employment Agency has doubled its revenues since securing a £4.3 million investment from independentmid-market private equity house Key Capital Partners in 2007.
Birmingham based Templine is a specialist provider of temporary labour to customers in the distribution, warehousing and industrial sectors.
In November 2007, KCP backed the management buyout of Templine, providing investment and support to help drive the impressive growth of the business.Templine’s revenues have risen from £15.6 million in 2007 to £31.5 million in 2011.
Owen Trotter, managing partner at KCP and board director at Templine, said: “Despite the difficult conditions in the logistics and distribution sector, Templine has bucked the trend with impressive growth and an increase in market share.
“We remain on the look out for opportunities to expand the business both organically and through acquisition,” he added.
