Pangea Talent Solutions, a global staffing firm specialising in the energy sector, has appointed Ryecroft Glenton Corporate Finance (RGCF) to advise on its ambitious acquisition strategy.
The business is headquartered in London, with offices in New York and Dubai, as well as trading entities in Germany, and Saudi Arabia. The business is now looking to expand its market presence and diversify its services across new and existing sectors.
Founded more than 15 years ago, Pangea has evolved into a key player in the energy staffing space, connecting top talent with businesses driving the global energy transition.
The company’s focus spans battery and energy storage, future mobility, energy finance, supply and commodity trading, and innovative infrastructure markets. Now, with a forecasted revenue of approximately £23 million in FY24, Pangea is well positioned to significantly scale its operations.
The current management team, including CEO Sanjay Ramdhonee, COO Neil Greaves, CFO Jan Truter, CSO Amarveer Pannu and SVP North America Neil Jethwa, has restructured the business over the past year, optimising operational efficiency and establishing a strong platform for growth.
This transformation has set the stage for an acquisition strategy aimed at increasing the company’s financial and operational scale, while also entering new sectors such as nuclear energy and cleantech.
Pangea’s growth strategy is focused on expanding its geographical footprint and service offerings through strategic acquisitions in Europe and the US. The company is particularly interested in acquiring profitable businesses generating up to £1 million EBITDA, but it is also open to acquire larger or unprofitable companies if they demonstrate strong Net Fee Income (NFI) generation and potential for profitability.
Pangea’s service offerings include the provision of temporary and contract recruitment services, permanent placements, and executive search services. The company has a strong client base, providing staffing solutions to the energy and infrastructure sectors, with a focus on supporting the global transition to renewable energy.
With a solid strategy in place, Pangea plans to build on its success in the energy and infrastructure staffing sectors. The company’s management team is focused on scaling the business over the next three years through both organic growth and acquisitions.
By targeting businesses that align with its core sectors and values, and working with RGCF, which has a strong M&A track record in the human capital sector, Pangea aims to create a more diversified and robust organisation that can adapt to the changing demands of the energy market.
Neil Greaves, COO of Pangea Talent Solutions, said: “We’re excited to embark on this growth journey. By acquiring complementary businesses, we aim to enhance our service capabilities and strengthen our presence in key markets.
“Our focus is on building a sustainable and scalable business model that supports the evolving needs of the energy sector. With RGCF’s expertise, we are confident in our ability to execute our acquisition strategy and continue delivering value to our clients and candidates.”
Carl Swansbury, Partner and Head of Corporate Finance at RGCF, said: “Pangea Talent Solutions is a dynamic company with a clear vision for growth. Our role is to support the Board with its strategic acquisitions, helping them identify, acquire and integrate businesses that will drive their expansion and enhance their service delivery.
“Pangea is committed to playing a leading role in the global energy transition, providing the talent and expertise needed to drive innovation and growth in this critical sector. As the company looks to the future, its strategic acquisitions and partnerships will be key to maintaining its competitive edge and achieving long-term success.”