Merak Holdings (NI) Ltd, led by Chairman Dave Seaton, has successfully acquired WWH Rosie Ltd, the holding company of Bristol based cleaning specialist Glen Cleaning, from its founder Iain Lewis.
The leading advisor in the cleaning sector, UK FM merger and acquisition specialist, Morphose Capital Partners advised Merak throughout the process leading to deal completion mid-July.
The deal was led by former CEO and Chairman of Resource Group The UK and Irish support services group, Dave Seaton, with the intention of using the teams’ broad industrial expertise and networks to drive to drive organic growth of the combined group. All management, with the exception of Mr. Lewis remain in their current roles and will be further supported by a new Managing Director. The strategic acquisition with its well-earned reputation for client service provides Merak with a platform in the cleaning sector from which to grow, potentially through acquisition should an appropriate opportunity present themselves.
Dave Seaton, Chairman of MERAK Holdings (NI) Ltd. thanked his financial partners, White Rock Capital Partners and Aldermore Finance and commented that:
“it was a pleasure working with Mr. Lewis on the transaction and the business is testament to the many years he has invested in building a strong and robust business which we believe is ready to take on the next stage of its evolution through measured and focussed growth.”
Morphose Managing Director Nick Atherton commented:
“It has been a pleasure working with Dave and his team. We wish them every success in growing their business.”