Global recruitment specialist i-Pharm Consulting Group Ltd has transitioned to an Employee Ownership Trust (EOT) structure.
This significant milestone follows a year of strategic investment for the business, including the acquisitions of Parallel Consulting and Apollo Solutions, expanding the group’s capabilities across Life Sciences, Technology & Corporate Governance.
Under the new EOT structure, a majority stake in the company will be held in trust on behalf of all employees, giving every team member a direct, long-term interest in the success of the business. Moving forward, the group holding company will be renamed IPA Talent Group Ltd.
“This is a landmark moment for the business,” said Group CEO and Founder of i-Pharm Consulting Stephen McAnaney. “Everything we’ve built since our foundation in 2008 has been driven by people: our clients, our candidates, and above all, our team.
“While we looked at both trade and private equity options when considering the future of the business, EOT seemed like the natural fit. Moving to an Employee Ownership Trust protects our culture and values, preserves our independence, and ensures that every member of the team benefits from the value we create together.”
Leah Naffah, Executive Director of People & Culture, highlights the cultural benefits: “As part of the EOT model, employees will benefit from a greater voice in the direction and development of the business, long-term stability and independence and a strengthened culture, aligned with our values and mission.”
The business will continue to be led by the existing leadership team, with no changes to day-to-day operations, client delivery, or strategic priorities. A newly formed EOT Trustee Board will oversee the trust on behalf of employees and ensure the company’s culture and values remain protected.
