Specialist recruitment company Metric Search has secured a multi-million-pound investment from BGF, one of the largest and most experienced growth capital investors in the UK and Ireland.
Founded in 2019 by Joe Jani in New York, Metric Search has built a strong reputation as a high-quality search partner, sourcing skilled, technical talent in the life sciences and energy/infrastructure sectors. With its headquarters in Nottingham, the business has offices in New York, London and Florida to service its growing US customer base.
The funding from BGF will allow Metric to further extend its footprint in the US recruitment market, which is worth an estimated $216 billion, by expanding its offering into dedicated exec search, contract recruitment and further niche specialisms.
The deal was led by Adam Huckerby, Sam Giurani and Seb Saywood, investors in BGF’s Midlands team. Andy McCrae – part of BGF’s Talent Network – is joining as non-executive chair (NXC). He brings a wealth of industry experience from the likes of Phaidon International, Oliver James and SR Group, having previously worked with a range of PE-backed businesses and entrepreneurs. In addition, John Joe Walker has been appointed as Chief Commercial Officer to ensure the company continues to offer the best level of client care across its global office base, alongside continued support from Zac Flint as Finance Director.
“Our global footprint has enabled us to successfully grow in the US market, whilst building a world leading HQ in our home city of Nottingham,” said Joe Jani. “From there, we have developed a compelling proposition in high growth, well capitalised sectors that have an excellent outlook, servicing clients that are at the forefront of cutting-edge technology and innovation and range from SMEs to blue-chip companies.
“The US recruitment market as a whole has vast potential and will play a crucial role in helping us to accelerate our growth ambitions – both geographically and from a sector perspective,” Jani added. “In BGF we have an aligned investment partner which has the experience, network and approach to help us achieve our exciting plans and we’re delighted to be partnering with them.”
BGF Investor Adam Huckerby added: “Metric has achieved remarkable success in a short amount of time, and is well placed to capitalise on the dynamic, growing US recruitment market through its high quality, specialist service. This is a great example of how BGF can support ambitious, high performing teams to fulfil their plans. We look forward to working with Joe and the team with the next phase of accelerated growth.”
Cowgills advised management on the deal. James Kennedy, partner in the deal advisory team, commented: “We are very pleased to support Metric in securing an investment from BGF. The high performing Metric team are great to work with and I wish them every future success as they continue their impressive momentum in the US.”
