Management team buys out Parc subsidiary

Aviation personnel provider Parc has announced the sale of its HR outsourcing and recruitment business, Parc HR Services (PHRS) to the management team of the subsidiary.

The management buyout of PHRS, led by its CEO Brian Flood and fellow Director Marian Noone follows a number of third-party approaches to Parc group expressing interest in buying this part of the group’s business, Parc said today.