Emprasaria acquires remainder of Ball and Hoolahan

Empresaria celebrated the completion of a major purchase on Friday, acquiring the remaining 25% of Ball and Hoolahan (B&H) from Roy Hoolahan, as part of a planned succession.

The AIM-traded firm acquired a 75% interest in B&H on 15 December 2014. Empresaria confirmed it paid consideration of £0.2m for the minority interest on Friday.

Empresaria’s board described B&H as an established UK-based recruiter serving the marketing industry.

Marc Sigrist, who joined B&H as operations director in December, will now replace Hoolahan as managing director. Hoolahan will stay on as a strategic consultant.

In the 12 months to 31 December, B&H generated revenue of £2.2m, and profit before tax of £0.3m, Empresaria confirmed.