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 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.”

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.”

Successful off-market bolt-on acquisition

Our client is a UK national provider of Integrated Facilities Management (IFM) with a number of private and public sector clients, including ‘prestige’ properties and large complexes.

Having grown the business successfully from a soft-services background, our client appointed us to help them expand into technical services to complement their own operations in this sector, which they were growing organically.

Working closely with them we identified a number of potential businesses that could have enabled them to expand.

We carried out 1-1 meetings with key management from the shortlist of targets we had agreed, and from this we drew up a list of five potential companies to acquire.

The number-one choice was a medium-sized business that was owner-managed and located within 45 minutes of our client’s head office, thereby enabling the management to easily transfer.

After an initial meeting, our client agreed this was the best option for them and quickly proceeded to complete a purchase.

This both enabled immediate cost savings (office space, back office overheads) and successful integration of the technical services management team, who were vitally important to our client and their future plans.

The acquisition has also given our client an excellent platform from which to build their maintenance arm, as well as cross-selling opportunities for their other service lines.

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Acquisition of Cre-8 Southwest Limited

Control Group Services (CGS) has successfully acquired the Cornwall-based energy management and maintenance business, Cre-8 Southwest Ltd from its founders, Mark Mingo, Paul Holman and Robin Booker.


The UK FM merger and acquisition specialist Morphose brokered the deal, which completed in September.


Cre-8 is an energy management and carbon reduction engineering company with specific services extending to facilities and project management, mechanical and electrical design services and building statutory compliance.


Control Group Services (formally Origin RPS) is a specialist facilities manager of shopping centres and commercial buildings directly delivering security, cleaning and technical services.  The business is located in Chester and is now forecasting turnover of over £18 million. After looking at various companies in the South West, CGS began negotiations with Cre-8 in early Summer supported by the Morphose team.


Managing Director, David Bradshaw said:

“It made ideal sense for us to do this transaction at this time. This acquisition supports the growth of our geographic coverage and adds to the strength of one our core service offerings. It also enables us to offer even better service to our current clients in the South West as we continue to grow the business on a national scale.”


Mark Mingo, MD of Cre-8 said:

“My team and I look forward to working with David and his colleagues. Our aim is establish a strong base for CGS in the South West.”

Mingo, Holman and Booker will continue to work alongside the new owners and support further growth in the region.

Acquisition of Guardian Security & Fire Ltd

Kent-based Guardian Security & Fire Limited has been sold by founder, Managing Director and sole shareholder Ian Golding to the former Managed Support Services plc Chief Executive, Simon Beart and business partner Thomas Howard.


The UK FM merger and acquisition specialist Morphose brokered the deal, which completed at the end of June.


Former owner and founder, Ian Golding retained Morphose in late 2011 to seek buyers. After receiving several attractive offers, Golding accepted an excellent offer from Beart and Howard in May 2012.


Golding said:

“Morphose’s ability to source real buyers in a professional and confidential way enabled me to achieve the maximum market price by using their expertise of transactions involving small to medium sized companies and their wide ranging networks and direct personal experience. Their ongoing support during the process was invaluable.”


Guardian is a long established, local market leading, security, fire systems and equipment management and maintenance business based in Canterbury. Specific services include intruder alarms, CCTV, fire protection and access control with NSI NACOSS Gold accreditations.


Ian Golding will continue to work alongside the new owners and assist them in their plans to build a leading fire and technical security maintenance-based business in the South East.