H2 Equity Partners agrees to sell Myler to Headfirst Source Group

H2 Equity Partners is pleased to announce that it has agreed to sell Myler to Headfirst Source Group. Myler is a tech-enabled IT search & managed service provider (“MSP”) platform which connects blue chip clients with large project-based IT needs with over 40,000 independent IT professionals and hundreds of suppliers of IT specialists. Myler sources, facilitates and manages the flexible IT projects layer for its clients, taking over all related administrative processes and ensuring 100% compliance with all applicable regulatory and fiscal requirements. The company’s tech-enabled business model is highly scalable and results in attractive recurring business on the back of a large and growing portfolio of contracts. H2 acquired a majority stake in Myler in 2015 immediately followed by the bolt-on acquisition of Jenrick which was subsequently integrated into the Myler organisation. Headfirst Source Group is a leading Dutch player in the sourcing of external professionals including matchmaking, contracting and payrolling.

Geo van der Wilk, CEO of Myler, commented: “We are thankful for the collaborative partnership with H2 over the last years. With the support of H2 we were able to turn Myler into the most scalable and state-of-the-art IT staffing platform in the Benelux market with attractive growth and profitability. We are also delighted to become part of Headfirst Source Group. We believe the companies fit very well together and will form a strong group that can deliver even better service and opportunities to our customers, professionals and other partners.”

Harmen Geerts, the responsible Partner at H2 Equity Partners, commented: “Myler is another example of our ability to build better companies. We would like to thank the management of Myler for their leadership over the past years; it was a pleasure working with them. We are convinced that Headfirst Source Group and Myler form a great combination. We wish them lots of success going forward.”

Closing of the transaction is subject to the approval of the ACM.

Myler and the selling shareholders were advised by Lincoln International (M&A), Houthoff (Legal), Deloitte (Financial/Tax) and SIG (IT).

For more information, please see the press release from Headfirst Source Group.

Terry Musson

The Amberon Group is a market leading traffic management provider to the utilities and Local Authority markets. Amberon was established in May 2002 with our first depot in Paignton, South West England. Our founding core principles remain at the heart of everything that we do and our continued desire to achieve our purpose; to provide the best service in the Traffic Management sector. This has been the foundation for our success and has cemented our position as the market leader in TM.

During the initial transaction we never felt under any pressure & instantly recognised we would become part of the family. H2 took the time to listen to our views & business strategy, it was obvious from the very beginning that they would be the perfect partner for us.

The guys at H2 have enabled us to continue the momentum & have provided the expertise & knowledge to help us continue on the journey to constantly improve our service offering.

Working with H2 during the last 2 years has given us additional support not just financially but the advice & expertise has helped analytically & strategically.

The ambition and the drive H2 have is extremely infectious & continues to assist the group to overachieve.

It’s enormously reassuring to know H2 will always be at the end of the phone to offer advice but heartening to know they have the trust in us to deliver.