Sachin Ruparelia and Matt Newman, two of Camino Partners’ original founders, have completed an MBO of the company from Alan McBride, whom they started the business with in 2012.
The Management Buy-Out, led by both Sachin and Matt, sees Alan amicably exit the business, having played a significant role in the company’s journey over the past eight years. Commenting on the buyout, Sachin reflects:
“Alan has been such an integral part of the Camino journey. We speak about being the ‘Natural Choice’ in the three sectors we operate in, and without Alan’s contributions over the years as a Founder, our part-time Chairman and most recently our Non-Exec Chairman we wouldn’t be where we are today.
As a collective we felt this was the right time to embark on the next chapter of our journey and I’d like to thank Alan for all he has done for the Camino business.”
Upon his departure, Alan commented:
“I’m extremely proud of what we have achieved at Camino but I felt that this was a good time to take a step back. Camino is in good hands with Sachin, Matt and the Management team and I wish them all well for the future. I know that they have some exciting plans and I’ll be eagerly watching them develop, albeit from a bit further afield!”
The successful MBO heralds the start of Camino 2.0. This will see the business build on its legacy, which has seen over 1000 staffing businesses benefit from the unrivalled talent network that Camino has built across non-sales positions in recruitment and more recently, the recruiter market in the US. Matt gives some insight:
“2020 has had an impact on all of us. We’re proud of the way the team has performed, and it’s given both Sachin and I the chance to reflect and look forward. We want to focus on building a business that means putting people first – both with regards to our team as well as those we work with. We have been looking at ways we can enhance our service, support those we engage with and focusing on developing a culture full of kindness that will enable us to grow stronger as a business as well as individually.
We have invested in a market-leading CRM platform, have three new websites on the way, and are expanding our brand portfolio to truly reflect the distinct services we offer globally. If we can bring all of these pieces of the jigsaw together, then we have and exciting future ahead of us.”
Ruparelia adds“and of course, we are looking to scale. We have big plans to increase headcount, build a greater presence in our sectors and really solidify our position as a market leader in 2021 and beyond. On that note, we’re delighted to announce that current Non-Exec Director, Bradley Placks, will take up the position of Chairman, to help us on the next stage of our journey. Watch this space!”
For more information/further comment:
Sachin Ruparelia: email@example.com