Media releases are provided as is by companies and have not been edited or checked for accuracy. Any queries should be directed to the company itself.

Peoplebank Achieves National Coverage with Acquisition of Leading WA Recruitment Firm, Gryphon Consultants

  • 23 May, 2007 15:00

<p>Peoplebank Achieves National Coverage with Acquisition of Leading WA Recruitment Firm, Gryphon Consultants</p>
<p>Peoplebank Australia Limited (ASX: PBA), one of Australia’s largest specialist IT&amp;T recruitment companies, has acquired WA-based IT&amp;T recruitment firm, Gryphon Consultants Pty Ltd, for $3.15 million with a further incentive payment for growth over the next 12 months. The acquisition will be earnings accretive from the outset and will be funded using existing debt facilities.</p>
<p>One of Western Australia’s leading IT&amp;T recruitment companies with a reputation for excellence gained over 26 years, Gryphon has 14 staff and a roster of blue chip clients that complements Peoplebank’s existing client base. Currently Gryphon has approximately 100 on-hired IT&amp;T professionals generating annual revenue of $10.5 million.</p>
<p>Peoplebank Managing Director, Leon Lau, said the Gryphon acquisition fills a gap in the company’s national network, giving it a strong foothold in the booming WA economy and enabling it to extend the range of services it provides to clients.</p>
<p>“This acquisition reinforces Peoplebank’s continued commitment to playing an industry leadership role and delivering solid, consistent returns to our shareholders through a strategy of organic growth and acquisition,” he said.</p>
<p>As part of the agreement, Gryphon Consultants’ Managing Director, Tony Ciallella, will remain with the company to ensure a smooth transition.</p>
<p>“This is a very exciting development both for Gryphon and for our WA clients, who will now have access to a far greater depth and breadth of expertise and resources through the Peoplebank network,” said Mr Ciallella. “Peoplebank is a proven performer in the recruitment space, particularly in our core specialisation of IT&amp;T and I am confident that this will be a very happy marriage for all concerned.”</p>
<p>For further information, please contact either Leon Lau, Managing Director or Marcus Emery, Director Recruitment Services on 02 9220 8000. www.peoplebank.com.au</p>
<p>ENDS</p>
<p>About Peoplebank
Peoplebank specialises in placing talented IT&amp;T professionals in executive, contract and permanent roles. As one of the largest Australian IT&amp;T recruitment companies, the company recruits for positions across the entire spectrum of IT&amp;T and has developed preferred supplier relationships with many of the best-known companies in the Banking &amp; Finance, IT, Manufacturing, Retail and Government sectors. www.peoplebank.com.au</p>
<p>About Gryphon Consultants
Gryphon Consultants is a West Australian recruitment and careers consultancy serving local industry and candidates since 1981. With 26 years local knowledge and experience plus preferred supplier/panel member to state government, corporate and small business recruitment panels, Gryphon assists its clients with employee retention strategies, salary and skills surveys, staff assessment and development strategies, locating ‘hard to find’ skills, and more. www.gryphon.com.au</p>

Most Popular

Brand Post

Most Popular Reviews

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Latest Articles

Resources

PCW Evaluation Team

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Featured Content

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?