Training provider Castle View Group is looking to grow on the back of significant investment from Maven Capital Partners
The Chester-le-Street pre-employment training and recruitment provider, founded in 2001 by CEO Tony Healer, has secured investment from two funds managed by Maven, the North East Development Capital Fund and the Finance Durham Fund.
Castle View Group works across a range of sectors including manufacturing, advanced manufacturing, engineering, health and social care, production and food production, warehouse and storage and facilities management, and it provides guaranteed interviews for each candidate. The business initially started as a recruitment agency before going on to open its training division in 2010.
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Following a sustained period of growth the group is now a leading provider of pre-employment services, providing training to more than 3,000 candidates a year and placing them into roles in over 250 companies across the UK. During the Covid-19 pandemic, the company’s recruitment division also launched a health and social care service, providing local authorities and health providers with qualified staff.
The funding will be used to support the continued growth of the company’s training division as a prime contractor and it will also focus on the expansion of its bespoke health and social care service across the region.
Michael Vassallo, investment director at Maven, said: “Tony has built a strong business and is now recognised as a well-established national provider dedicated to training and recruitment services. The company addresses a genuine need in the recruitment industry, and we’re delighted to invest following an impressive period of growth. Today’s transaction will support the business on its next phase of growth.”
Tony Healer, CEO at Castle View Group, said: “We are excited to partner with Maven on the next stage of our growth journey and to welcoming Michael Vassallo to the board. We’ve also been highly impressed by the team at Business Durham and are grateful for the encouragement and support we have gained from Durham County Council. We are proud to be a North East based business and look forward to creating more jobs in the region.”
Coun James Rowlandson, cabinet member for resources, investment and assets at Durham County Council, added: “We are delighted to be supporting Castle View Group as they grow in County Durham. The company’s approach to supporting unemployed individuals back into employment and its work with employers and regional recruitment agencies to understand local recruitment needs is an excellent example of how our Finance Durham Fund is helping to create more and better jobs and contributing towards a strong competitive economy for the future.”
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