TopSource Worldwide has agreed to acquire the Global EOR division of the Bradford Jacobs Group including continuation of their strategic partnership
Online PR News – 07-April-2022 – London, April 2022 – TopSource Worldwide has agreed to acquire the Employer of Record division of Bradford Jacobs Group. Bradford Jacobs provide People focussed, end to end, full life cycle international expansion services to globally growing businesses.
The acquisition includes a continued strategic partnership between TopSource Worldwide and Bradford Jacobs that will allow for Bradford Jacobs to continue to offer EOR solutions to the wider market using the TopSource Worldwide infrastructure and support.
Guil Hastings, CEO, TopSource Worldwide explains: “The additional scale that this acquisition brings to TopSource moves us further forward towards our goal of being a leading global employer solutions business. Bradford Jacobs has years of global employer solutions experience and will be a powerful sales channel for TopSource into the EOR market.”
He added, “By working together, both firms and our clients will benefit from expanded access to services, markets and capabilities. Adding Malta to our operational footprint also gives us some world-class talent to help serve our wider client base.”
Tom Green, CEO at Bradford Jacobs said: “The TopSource Worldwide technology, compliance, HR support and geographic footprint provides substantial benefit to our current and future clients. This partnership is the first step in our key initiative to be the partner of choice for global expansion solutions and tools. We are excited by the opportunity that this combination and the ongoing strategic relationship will bring to Bradford Jacobs.”
TopSource Worldwide serves clients in 89 markets providing Employer of Record and payroll services to globally ambitious businesses. TopSource Worldwide has been backed by Horizon Capital since December 2020 and is a leader in global employer solutions. The business support nearly 1,000 clients with the services they need to expand globally.
Tom Maizels, Director at Horizon Capital said, “This transaction is a demonstration of our further commitment to the exciting global expansion market. It gives us an avenue to leverage our PEO Hub technology and serve a wider set of clients.”
The transaction is due to complete on 1 May 2022 and will include the transfer of Bradford Jacobs clients and key operating team members to the TopSource Worldwide operations.