Angus Knight is today pleased to announce the acquisition of employment services operations in three countries from Maximus (NYSE: MMS) a leading employer and provider of government services worldwide.
The group acquires four Maximus entities including:
Maximus Canada Employment Services Inc., Maximus Asia Pte Ltd and Maximus Italia SRL and its subsidiary Maximus SRL.
This transaction continues the expansion of Angus Knight into a global provider of employment, community, and education services with operations in six countries. We welcome over 250 new employees, which sees our team grow to over 1,400 people.
This acquisition will allow the business to impact the lives of more people, in addition to providing new regions to pursue further scale and growth opportunities, delivering vital services to people in need.
Maximus Entities
The combined international operations deliver provincial and national government contracts in the employment services sector across Canada, Singapore, and Italy. Maximus has delivered these services for a period in each country having operated in employment services in Canada since 2006, Singapore since 2017, and Italy since 2018.
Angus Knight Group Chief Executive Officer, Nic Fairbank said:
“We are pleased to work with Maximus again on this transaction and welcome our new team members with whom we share a close cultural alignment and shared mission.
This is a transformational acquisition for Angus Knight that executes on our strategy to expand into new regions, diversifies our earnings, and creates scalable growth platforms.
We believe that investing in work and education opportunities is vital for the success of both individuals and businesses, and we are excited to further our mission to empower the people and communities we work with every day. The expanded group will now operate across six countries with more than 1,400 employees supporting the communities we operate in to make a positive impact to peoples’ lives.”
Bruce Caswell, President and Chief Executive Officer at Maximus said:
“This divestment executes on our commitment to shape and strategically align the Outside U.S. segment to deliver consistent profitability.
Angus Knight was a logical partner for this transaction, having previously worked with Maximus on the divestment of Maximus Sweden, with the group successfully integrating the business and our team earlier this year.
We are pleased to partner again with a culturally aligned organisation that has proven itself to be a good home for our team members.”
For further information please contact:
Powerscourt
angusknight@powerscourt-group.com
