Portfolio News

ISS labour, an acquisition of LDC portfolio company, SPS invests in state-of-the-art rail training hub

ISS Labour, part of diversified recruitment group Specialist People Services (SPS), has invested in a state-of-the-art training centre in Greater Manchester to support the £25billion investment in the UK’s rail network. 

The SPS group also includes Driver Hire Nationwide, the leading UK specialist transport and logistics recruiter; driver CPC training provider Driver Hire Training; its eServices division, which offers online people management services such as dh Licence Check; and international arm Driver Hire Australia. In the year to March 2015, turnover at SPS increased by 30% to £116.5million. 

The first of its kind in the north of England, the training centre in Salford sees ISS Labour address the current skills shortage across the rail industry by providing the facilities required to train and develop engineers. 

With Network Rail committed to investing £25billion in rail infrastructure between now and 2019, there is a pressing need for highly-qualified linesmen to be trained to deliver electrification projects across the UK to meet rising demand for rail services. 

ISS Labour’s training hub, which has created five jobs, is expected to train more than 10,000 people by 2020. It strengthens the company’s presence in the North West, where it currently employs 200 people along with 650 across the UK. The company’s Training Manager was recently ‘Highly Commended’ at the 2015 Rail Staff Awards. 

Since LDC portfolio company Specialist People Services acquired ISS Labour in 2013, ISS Labour has expanded and diversified its business by incorporating overhead line electrification and training into its portfolio. 

ISS Labour is a supplier to leading contractors to Network Rail including Babcock Rail, Carillion, AMCO, and Amey Sersa. It has just completed the track lowering works in Box Tunnel near Bath, an integral part of Network Rail’s Great Western Electrification Programme. 

Article Footnotes

Notes to Editors

  1. LDC is part of the Lloyds Banking Group and is authorised and regulated by the Financial Conduct Authority
  2. LDC back ambitious management teams from UK-based companies seeking between £2m and £100m of equity for management buy-outs, institutional buy-outs or development capital transactions.
  3. LDC invests in a broad range of sectors and has particular experience in Construction & Property, Financial Services, Healthcare, Industrials, Retail & Consumer, TMT, Travel & Leisure and Support Services.
  4. LDC has a UK regional network of 9 offices.