Rundles acquired by JBW Group
JBW Group Limited has today announced it has fully acquired the shares of Rundles, with funding provided by OUTSOURCING Inc. Rundles will benefit from joining a team of leading sector specialists leveraging effective technology, secure cloud infrastructure, advanced analytics and back-office support services.
Founder Chris Rundle commented “Bernard and I are very pleased that the business has been acquired by JBW Group, as we are confident that Nick Tubbs and his team will be custodians of the Rundles heritage and are best placed to support the business to achieve its growth potential”.
Nick Tubbs, JBW Chief Executive commented: “We are delighted to welcome Rundles to the JBW Group and OUTSOURCING Inc. family. JBW and Rundles share a common vision for the industry and the future of enforcement that places intelligent customer service, performance delivery and high ethical and professional standards at its core.
This transaction combined with our recent acquisition of Phoenix Commercial Collections means that JBW has access to unparalleled knowledge and experience of local taxation collections to complement our industry leading knowledge of Road Charging and large Government frameworks. It demonstrates JBW Group’s commitment to providing a full breadth of intelligent, highly ethical debt collection solutions to our local and central government clients nationwide.”
Tom Gover, Rundles Chief Executive commented: “This acquisition was the ideal opportunity to provide informed investment and operational support to accelerate the achievement of our business strategy. Rundles’ geographical presence in the Midlands further strengthens the JBW Group’s regional structure and firmly establishes JBW as the fastest growing enforcement business in the UK Market”.
As part of this transaction, Bernard Gover, Chris Rundle and Hilary Butler, will retire from the business.