Adama Capital, an investment and portfolio management platform operating in the human capital sector, has announced the successful acquisition of RE People Limited (RE).

Trading as RE Recruitment, it is a regional, industrial recruitment company. RE has three branch locations covering Gloucestershire, Worcestershire, Herefordshire, and specialist onsite operations throughout the UK.

Founded by Richard East in 2001, RE Recruitment has provided blue- and white-collar staffing solutions for over 20 years, built upon an excellent reputation for client service.

The buying company is Taskmaster Resources, a long-established industrial recruitment agency, operating from 12 locations across the Midlands, the North and Scotland, plus a national footprint of onsites for multi-site customers. Taskmaster provides staffing and managed service solutions to the industrial, driving, public (NHS), commercial and utilities sectors.

RE will continue to trade under its own brand as a division of Taskmaster and be led by Mark Norton, RE managing director. The previous owners, James Gibbs and Richard East, will remain with the business to effect a smooth transition for customers and staff.

A Taskmaster spokesperson said: "We are delighted to have completed the sale of RE to Taskmaster. We believe that the two companies share a similar culture regarding empowering employees and providing a local, tailored customer service to clients. We are deeply grateful to the employees of RE for their past service and we wish them all the best for a prosperous future."

Adam Fletcher, co-founder of Adama Capital, said: "We are looking forward to working collaboratively with Mark Norton and the team and delighted to have completed this transaction. This is the second acquisition delivered for Taskmaster as part of a buy-and-build strategy within the blue-collar sector. The addition of RE further increases the group's national service delivery capability and brings additional sector expertise to benefit the wider customer base."