Training companies joining forces

STL, the Sheffield-based apprenticeship training company, has made its first acquisition since being acquired by private equity investor Sovereign Capital.

The Brightside Lane company has bought Derbyshire-based Orient Gold, which has national training contracts across the UK

Chief executive Adrian Holmes said: "STL has an excellent reputation, delivering apprenticeships and Train to Gain learning at a regional level.

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“The acquisition of Orient Gold is a strategic move which provides Orient Gold with the infrastructure to grow their business with employers contracting with the Learning and Skills Council's National Employer Service for the delivery of Apprenticeship learning in companies employing over 5,000 staff.

"Overall, we are looking to invest in expanding Orient Gold's training and assessment arm and bolster the company's sales opportunities through access to the skills and resources of STL's 50 strong sales team."

Orient Gold’s managing director, Matt Corden, said: "This is a great opportunity for both businesses to reap the benefits of access to complementary resources and skills sets for the combined benefit of our customers.”

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