Fircroft’s acquisition of One Key Resources
Fircroft, the global workforce solutions provider to the technical engineering sectors, has strengthened its position within the mining, minerals and natural resources industries with the acquisition of One Key Resources; a specialist provider of labour hire and managed workforce services to the mining, oil and gas, and infrastructure industries.
Established in 2011, One Key have rapidly grown to be a market leader in the supply of workforce solutions to the mining industry in the Asia-Pacific region, and will strengthen Fircroft’s already strong portfolio of operations.
One Key joins the Fircroft Group at a time of expansion following the Group’s acquisition of global telecommunications recruiter Rygon and the formation of several joint ventures throughout 2015. Grant Wechsel will continue as Managing Director and as a shareholder of One Key following the acquisition, while his fellow director and former Australian Rugby League captain Darren Lockyer will also continue in his role.
Legal advice for the deal was provided by Roger Hart and Adam Kaucher of Addleshaw Goddard, whilst Richard Bell and Dan Wright of Deloitte performed Financial Due Diligence. Iain Gallow of Calash performed Commercial Due Diligence.