Fri, 04 Feb 2022 | BUSINESS SALE
Specialist professional services and technology business Davies has acquired a property technology and surveying, Building Validation Solutions Ltd (BVS) for an undisclosed amount.
Bolton-based BVS offers end-to-end property and subsidence claims validation services will now become part of the multinational company which has over 5,500 staff and offices in the UK and Ireland as well as Spain, Switzerland, Bermuda,â¯the US, Canada and India.
Chris Brown, managing director of BVS, said: "We're delighted to be joining forces with Davies. Our shared vision of disrupting traditional claims models through investment in automation and digital transformation was an important factor for us and enables us to take a compelling combined proposition to our clients."
BVS, which has a workforce of over 70 people, has its own highly advanced IT system Metrix, a web-based claims management system. This asset is considered to be industry-leading and has also been included in the deal which will see BVS become part of Davies's claims solutions arm.
Andrew Page, the solicitor at Abacus that advised the shareholders of BVS on the deal, said: "This is a major transaction that will ensure the firm’s proprietary technology can scale up quickly across multiple geographies whilst presenting numerous career opportunities for the firm's skilled and dedicated team.
"All parties burnt the midnight oil to get this over the line and I’m delighted for the shareholders."
Abacus Solicitors concluded the sale and shareholders were also advised by IMAS Corporate Finance.
Find businesses for sale here.
If you are looking for an exit, we can help!
The company is a retailer of high-end costume jewellery operating out of a premium-located London store, with its growing online presence enabling it to attract interest from customers worldwide. Revenue is predominantly generated in-store, with the...
The company develops best-in-class SaaS software products that focus on the standardization, optimization, and control of a customer’s core operational processes. Embedded in the software design are the Lean / Six Sigma Operational Excellence princip...
Project Sandstone specialises in the design, manufacture, and installation of garages and concrete sectional buildings across Northern England, Yorkshire, and the Midlands. The company also has a trading arm which offers a full garage refurbishment s...
Stratford Energy, a solar energy specialist based in Stratfo...
Kids Planet has continued to grow its portfolio through acqu...
Ipswich-based litho and digital printer Fuller Davies has be...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.