UAE’s Dulsco acquires Advance Global Recruitment amid expansion

By Arya M Nair, Official Reporter
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Dulsco acquires AGR
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Dulsco Group, the leading provider of integrated People, Environment and Talent solutions, has acquired Edinburgh-based Advance Global Recruitment Ltd (AGR), specialists in energy recruitment.

The purchase of AGR with offices in Scotland and the UAE and clients across 70 countries, brings specialist oil, gas and renewables expertise and international reach and builds on Dulsco Group’s capabilities in this space.

David Stockton _Dulsco acquires AGR
David Stockton

“The acquisition of AGR is a significant milestone for Dulsco Group as it will accelerate growth both in the UAE and, critically, in new international markets. We are very excited by the drive and tenacity founders Stuart Hunter and Cameron Taylor bring to the group, along with all of their talented teams. As we worked through this transaction, it was clear that their solution-based engagements are a natural fit and AGR’s client and people-focused culture echo Dulsco’s own. It is an exciting addition to the Group.”

Mr. Stuart Hunter, CEO of AGR said that “I’m proud of what the team has achieved in the past 10 years positioning AGR as a leader in energy recruitment and I am looking forward to taking AGR to the next level, joining forces with Dulsco Group, and combining our talent.”

Lumina Capital Advisers acted as the lead financial adviser to Dulsco LLC during the acquisition process. “Lumina was instrumental in ensuring that our collective objectives were met, while minimizing our risk. They ran an extremely professional process and the attention to detail and deep understanding of Middle East or UK cross-border M&A transaction issues was a key factor that contributed to the success of this deal, Mr. Stockton added.

Mr. George Traub, Managing Partner of Lumina said that “We are delighted with the successful outcome of this deal. The Dulsco team was a pleasure to work with, and the collaborative efforts on their part helped to ensure the deal process was efficient and cost-effective. We continue to see significant M&A activity in the energy and related sectors between the Middle East and the UK, supported by bilateral trade and investment initiatives between the two regions.”

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