Acquisition of Leading WA Recruitment Firm Gryphon Consultants

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

Peoplebank Australia Limited (ASX: PBA), one of Australia’s largest specialist IT&T recruitment companies, has acquired WA-based IT&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.