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.