D&R Recruitment acquires the specialist lending division of Boxtree Recruitment
By David Craik -
D&R Partners Recruitment has acquired the specialist lending division of rival Boxtree to take advantage of a hiring boom within the specialist finance sector.
London based D&R, set up only last year, said the acquisition is set to fast-track their three-year growth ambitions by a minimum of 12 months, seeing them guaranteed as industry leaders in the space.
The deal was for an undisclosed amount.
Boxtree had made the decision to focus on its core insurance recruitment division given the 62% growth achievements seen throughout 2020.
Toni Dines, founder of Boxtree, added:
“From our initial meeting with the D&R team, we have been continually impressed with their approach and undeniable expertise in the lending sector.
With our clients demanding such a high level of consultancy and delivery, D&R made the perfect and natural choice to acquire the division.”
D&R has ‘quickly become the preferred supplier of many lenders and brokers across the country’ and has exclusivity with a large number of its client base.
Speaking on the acquisition, Rico Iheagwara, pictured, commented:
“We are proud to be recognised as the best suited agency for this particular acquisition opportunity within the finance specialist market.
Boxtree have a reputation for their professional ethics, standards and integrity which is perfectly complimentary of the same strides we are making at D&R.
We feel really excited, positive, and thankful for this opportunity.”
D&R is experiencing significant month on month growth, rocketing by 130% in January, 147% in February and 192% in April.
“Our team is made up of 40 plus years of financial services sector experience within specialist lending,” Rico said.
“Throughout the pandemic our industry has been very buoyant largely down to the housing sector remaining open.
There was a steady stream of lenders and brokers looking to hire last year. However, from the start of 2021 there has been a huge surge. It is just getting better and better each month.”
Naomi Little, Senior Consultant at D&R, says there has been particular demand from clients looking for business development managers, mortgage brokers and advisers.
“Many of our clients have brought out new products during the past few months and now with restrictions easing they want BDMs to get out there travelling.
It’s more important than ever,” she stated. “A lot of clients are doubling their external sales teams in preparation for the return to normality.”
“They see how buoyant the specialist lending sector has been,” she explained. “We are also seeing more graduates applying for roles. Again, they are not fickle and keep up to date with the market trends.”