Edwin James Holdings Ltd acquires PEME

Edwin James Holdings (“EJH”), a portfolio business of Aliter Capital, has successfully acquired Peterborough-based mechanical and electrical maintenance provider, PEME from its founders, Ashley Maile, Darren Martin and Ian Morris.

 

The UK FM merger and acquisition specialist Morphose introduced the parties earlier this year and the deal completed last Friday.

 

PEME are an industry leading asset care provider, working to improve clients’ maintenance and engineering compliance through a blend of asset care, plant maintenance, engineering compliance, reliability improvement and condition monitoring.

 

Commenting on the transaction, Billy Allan, founding partner of Aliter Capital said:

“We are very pleased with the acquisition of PEME. This acquisition process has been exemplary and Morphose continue to prove their value by introducing complimentary parties.”

 

Morphose Managing Director Nick Atherton commented:

“It has been a pleasure working with the EJH and Aliter Capital team. We wish them every success in developing their business.”

Incentive acquires Weston Electrical Services

Incentive FM Group has successfully acquired Somerset-based electrical maintenance provider, Weston Electrical Services (WES) Ltd from its founders, Ian Rogers, John Rogers and Linda Rogers.

 

The UK FM merger and acquisition specialist Morphose brokered the deal, which completed today. Morphose have successfully advised on a fourth bolt-on acquisition for Incentive FM Group, with the purchase of the electrical maintenance business in Weston Super Mare. WES adds around £10m of turnover to Incentive Tec, the group’s M&E business, lead by Chris Windass.

 

Weston Electrical Services Ltd. is an electrical and mechanical contractor providing commercial, industrial and domestic services. This acquisition provides Incentive FM Group with improved coverage in the South West region, further improving their geographic offering.

 

Incentive FM Group’s trading companies provide services in the areas of; Facilities Management, M&E installation and Maintenance, Cleaning, Security and Consultancy. The business is located in London and has a run rate turnover in excess of £120m.

 

Commenting on the transaction Chris Windass, Director of IFM’s M&E division said:

“Morphose provided invaluable support to us throughout the deal. They quickly pulled together historical information and key metrics before working with management to develop financial forecasts. Our trust in their capabilities allowed us to proceed with confidence throughout the transaction.”

Morphose Managing Director Nick Atherton commented:

“It has been a pleasure working with Chairman Jeremy Waud and CEO Martin Reed as the business expands. We wish them every success in developing their business.”

Morphose delivers expert consultancy for sale of Active Security and Yeoman Monitoring Services to Scutum Group

International advisory and brokerage services business Morphose has provided expert consultancy to Active Security and Yeoman Monitoring Services on the sale to French company Scutum Group. Active Security and Yeoman Monitoring Services presented themselves as an attractive acquisition opportunity after a sustained period of growth in the UK market, with a combined turnover of circa £7 million.

 

Morphose seek to optimise the infrastructure of businesses that are looking to improve, buy or sell their organisations. In this instance, Morphose were retained to market, advise and coordinate the sale of the jointly owned security business. The deal was finalised in late 2016, with Scutum Group anticipating further growth and looking to expand operations in the UK in the coming years.

 

Active Security Group and Yeoman Monitoring Services has a well-established heritage and history of excellent service in the UK, being founded over 44 and 32 years ago respectively. Self-described as having a “raft of industry experience” the Essex based business has been actively involved at a senior level with industry trade associations, standards committees and inspectorate throughout its history. It is this experience that brought interest from Scutum Group, a European mainstay of integrated protection solutions, with over 25 years of trading.

 

Nick Atherton, Managing Director of Morphose, commented:

“As an established and profitable joint business, Active Security and Yeoman Alarms are an excellent acquisition for Scutum Group. Clients are now looking for a more intimate working relationship and Morphose were delighted to be on hand every step of the way. We look forward to further overseas M&A interest in the coming year.”

 

Franck Namy, Chairman for Scutum Group, added:

“We are very pleased to acquire Active Security and Yeoman Alarms and welcome them to the wider Scutum Group. This acquisition process has been exemplary and Morphose were invaluable throughout negotiations. Scutum Group look forward to honouring the heritage of this business and building on its great service.”

Morphose appoints Mark Williams as head of Hong-Kong office

Morphose, the international brokerage and advisory service business has appointed Mark Williams as head of its Hong-Kong office.

 

As a private equity professional, Williams has over 12 years direct investing experience with a specific focus on the business services and education markets, having originated, led and exited multiple investments across these sectors.

 

As a partner at Inflexion, Mark was responsible for the sourcing, execution and management of private equity transactions in the region of £20 – 200m. Williams continues to provide advice and experience in a Non-Executive Director (NED) capacity for a number of firms including Reed and Mackay, Kynetec and Alcumus.

 

From the Hong-Kong office, Williams will be tasked with spearheading growth for Morphose in Asia.

 

Commenting on his appointment, Mark said:

“I am delighted to be joining the Morphose team and developing its business relations in Asia. I will look to accelerate growth and develop strategy that will help cement Morphose as an internationally recognised expert in the brokerage and advisory markets”.

 

Nick Atherton, managing director, Morphose, added:

“All of us at Morphose are delighted to welcome Mark to the team. With business continuing to develop in Hong-Kong and Asia, we needed an experienced and capable professional to steer our international expansion and develop our reputation as a truly global market force.”

Serial Entrepreneur Robert Kilgour joins Morphose as a non-executive director

International brokerage and advisory service business has appointed Robert Kilgour as a non-executive director.

Self-described as a ‘serial entrepreneur’, Kilgour has over 35 years’ experience as an investor, business founder and property developer. He was the founder of Four Seasons Health Care, which is now the UK’s largest care home operator with some 460 care homes and employing over 30,000 staff.

Robert will provide specific advice and expertise on facilities management with an emphasis on new developments and innovation in the healthcare and security sector.

Kilgour commenting on his appointment said:

“With this appointment I look forward to complimenting an already fantastic group of knowledgeable professionals. With many years in business, throughout a number of sectors and interests, I aim to offer advice that will aid the expansion of Morphose both domestically and internationally.”

Nick Atherton, Managing Director, Morphose, added:

“Robert will undoubtedly bring a wealth of experience and knowledge to the growing Morphose team. His excellent business acumen and entrepreneurial credentials will help cement our place as industry-leading advisors in increasingly specialised markets.”

Robert’s additional interests include Dow Investments plc, Renaissance Care, NW Systems Group (video and security system specialist) and Kingdom FM Radio.

Kilgour now splits his spare time between London and Scotland, wherever possible raising money for Macmillan Cancer Support and spending time with his family.

Dave Wilson Honoured as IFMA Fellow 2016

Morphose non-executive director becomes third British member to be recognised by the prestigious
institute for FM professionals.

 

Dave Wilson has been named as an IFMA Fellow in the class of 2016. Established in 1992, to recognise members dedicated to IFMA and the facilities management (FM) profession, the fellows programme creates an elite core of respected leaders who act as advisers to and ambassadors of the association and the FM profession. Being named an IFMA Fellow is the highest honour the association can bestow on a member.

 

Maureen Ehrenburg, FRICS, CRE, and chair of the board for the IFMA said:

“With pioneering FM practices and more than 35 years of standard-setting expertise, Dave Wilson has advanced the strategic importance of FM across Europe. His global perspective joins diverse elements of academic thinking, emerging practice, knowledge sharing, and professional experience, Helping him make significant contributions to international FM standardization through his many roles. It is for these reasons that he has been recognized as an IFMA Fellow at World Workplace, 2016.”

 

Until Wilson’s acknowledgement, 103 professionals have received the distinction, of which only two have been British. The most recent British fellow was awarded over 10 years ago.

 

Wilson comments:

“To be acknowledged by IFMA – as one of only three British Fellows – is a source of great pride. To be selected by such an esteemed group of professionals – colleagues that I respect and admire in equal measure – is humbling. I’m looking forward to continuing to work closely with IFMA and all my colleagues in the future”.

 

Wilson has 25 years’ expertise in FM, working in the sector globally at board director level. He has worked on mergers, acquisitions, outsourcing and service improvement projects with internationally recognised corporate occupiers and service providers.  He also has significant experience in the FM and real estate markets across EMEA, Asia Pacific, the USA and the UK, and high level contacts through his involvement with global industry. Wilson was deputy chair of the BIFM and is also a former president of IFMA UK and IFMA Europe.

 

Teena Shouse, who nominated Wilson for the award, added:

“What truly distinguishes Dave’s contribution has been his commitment to collaborative working, the pursuit of the communal benefit without regard to personal gain or kudos, and his ability to pull together diverse strands of academic thinking, emerging practice, learning and personal experience for the wider benefit of the FM profession. He does not seek personal acclaim but responds positively to multiple requests for assistance from IFMA and others, and throws himself whole-heartedly into each team with which he works.”

 

The 2016 Class of Fellows will be recognized at IFMA’s Awards of Excellence held in conjunction with World Workplace in San Diego, USA October 5-7, 2016.

Morphose advises Incentive FM on key acquisition

International advisory and brokerage service Morphose has provided expert consultancy advice to FM service provider Incentive FM Group on its acquisition of ARL Support Services, a specialist window cleaning company. The acquisition will strengthen the group’s cleaning services offer.

 

ARL Support Services has national contracts with major restaurant groups including Pizza Express and Zizzi as well as retail chains such as Matalan.

 

Morphose researched the market for key target organisations and presented a number of options to Incentive FM Group, and then supported the business through the acquisition. This is the third acquisition where Morphose has supported Incentive and follows the purchase of two M&E companies – Ace Engineering in Derby and Comserve in Kings Langley – over the past 12 months.

 

Nick Atherton Morphose MD said:

“We’re delighted to have supported Incentive FM Group in another key acquisition, Through ARL’s 30-strong mobile workforce, Incentive FM Group can now provide customers with a complete range of window cleaning services, from low to high level. It perfectly complements the specialist cleaning service offered by Incentive QAS.”

Morphose appoints Dave Wilson and Paul Rafferty as non-executive directors

International advisory and brokerage service business Morphose has appointed Dave Wilson and Paul Rafferty as non-executive directors.

 

Wilson has 25 years’ expertise in FM, working in the sector globally at board director level. He has worked on mergers, acquisitions, outsourcing and service improvement projects with internationally recognised corporate occupiers and service providers.  He also has significant experience in the FM and real estate markets across EMEA, Asia Pacific, the USA and the UK, and high level contacts through his involvement with global industry. Wilson was deputy chair of the BIFM and is also a former president of IFMA UK and IFMA Europe.

 

Rafferty is a successful business and finance entrepreneur with an impressive knowledge of the support services sector. He spent a number of years in banking with Barclays before embarking on a career change seeking and setting up Integrated Cleaning Management, which he grew to be a market leader before selling it to a FTSE 100 company who specialised in the support services industry. Rafferty brings a wealth of experience in operations and large team management, customer service, client development, profitable growth and a deep insight into what it fundamentally takes to create a business that can be sold for high multiples.

 

Wilson will provide specific advice and expertise on facilities management with an emphasis on new developments and innovation, business transformation, and M&A in the FM sector. Meanwhile Rafferty will support cleaning-based clients through their own sale, purchase or growth strategies.

 

Managing Director Nick Atherton Said:

“We’re delighted to welcome two such knowledgeable professionals to Morphose,Their extensive, and complementary, skills and experience will provide our clients with the in-depth expertise they need when buying, selling and turning businesses around.”

Incentive FM acquires ACE

Incentive FM Group has acquired Derby-based HVAC design, installation and maintenance specialist, ACE Environmental Engineering from its founders.

 

The UK FM merger and acquisition specialist Morphose brokered the deal, which completed at the end of last week. ACE Environmental Engineering adds around £6.5m of turnover to Incentive Tec, the groups M&E business, led by Chris Windass.

 

The strategic acquisition will see ACE complementing and working closely with Comserve Ltd, the mechanical and electrical (M&E) maintenance and installation services company that became part of Incentive FM Group last year, a deal also brokered by Morphose.

 

Martin Reed, managing director at Incentive FM Group, commented:

“This strategic move takes our M&E provision to well over £10 million pa which brings it into line with our other established single service lines – security, cleaning, catering and consultancy with total facilities management still being our largest service area at £45m pa. The ACE team is a perfect fit with our organisation, particularly within the retail markets.  Their experience within the public sector will help us to expand into this area and their project management skills will prove invaluable moving forward.”

Morphose Managing Director Nick Atherton commented:

“It has been a pleasure working with Chairman Jeremy Waud and CEO Martin Reed as the business expands. We wish them every success in developing their business.”

Claire Huffman Joins Morphose

International advisory and brokerage service business Morphose has appointed Claire Huffman as a director.

 

Claire has more than 10 years’ experience predominantly in the real estate, facilities management and professional services sectors. In this time she has worked for both service delivery, client and managing agent businesses involving UK, European and global responsibility. Huffman started out her career in procurement roles for major blue chip oil and gas organisations before moving into FM, broader operations and general management, firstly at Carillion and then client side with pharmaceutical firm IMS Health. Latterly she was a director at Cushman and Wakefield.  During her career she has been involved in significant M&A integration activity as well as IPO processes and private equity ownership.

 

MD Nick Atherton Said:

“We’re delighted to welcome Claire to the Morphose fold, She has a passion for building successful and sustainable relationships with clients and brings a significant amount of relevant experience and new skills to the team.  We feel she will be a very valuable asset to Morphose.”

Huffman Added:

“I’m thrilled to be joining such a rapidly-growing and fast-paced business like Morphose where I will be able to use my experience working across numerous businesses and sectors to help our clients to develop their own organisation”

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