Monmouthshire, UK, Leading recruitment business NuStaff is celebrating a landmark 12 months following a successful Management Buy Out (MBO), reporting an impressive 92% growth in revenue and the early repayment of its Development Bank of Wales loan, six years ahead of schedule.
The transformational deal, completed in 2024, was supported and advised on by award-winning dealmaking business GS Verde Group. Since then, NuStaff has gone from strength to strength, expanding its client base, scaling operations, and investing in new talent to meet increasing demand across its core markets.
The original MBO allowed the management team to take full control of the business, unlocking new potential and setting the stage for accelerated growth.
Strategic Growth Through Talent and Service Expansion
NuStaff’s impressive growth has been driven by a series of strategic appointments and the successful launch of several new service lines, allowing the business to deepen its offering and cater to an evolving recruitment market. The company has strengthened its team across key functions and introduced new capabilities that support its clients more comprehensively, from tailored recruitment campaigns to sector-specific consultancy services.
Commenting on the milestone, Dave Matthews, Director of NuStaff, said:
“When we completed the MBO, we had a clear vision to grow the business in a sustainable and ambitious way. To have achieved 92% growth in just 12 months and to repay our Development Bank of Wales loan six years early is something we are incredibly proud of. This is a testament to the dedication of our team, the trust of our clients, and the strong foundation the MBO gave us. We are grateful to GS Verde Group for their expertise and guidance throughout the deal process.”
The Development Bank of Wales, who supported the MBO with funding, welcomed the early repayment as a sign of NuStaff’s performance and strong leadership. The early payoff marks a significant achievement in the company’s growth journey and underscores the success of the MBO model in enabling Welsh businesses to scale sustainably.
GS Verde Group, who advised on the transaction, also celebrated the success. The firm has a proven track record in supporting dynamic management teams through growth-focused transactions.
NuStaff’s strong post-MBO performance positions the company as a rising force in the UK recruitment sector, with further expansion and strategic investment planned in the coming months.
