Sat, 29 Dec 2018 | BUSINESS SALE
Marlowe, a listed support services group which conducts health and safety audits and consultancy services, has acquired William Martin Compliance Solutions Limited and Ivor Roy Limited, which both together trade as William Martin.
The acquisition was completed in a £30 million deal, for which Marlowe raised £7 million by placing 1.7 million new shares in the market to new and existing investors.
Established in 2004, William Martin operates as a health and safety consultancy specialist expressly for properties. It works alongside numerous commercial partners across the country to ensure regulatory compliance in areas such as fire and water safety, health and safety, contractor management and asbestos management.
Chief executive of Marlowe, Alex Dacre, said: "The acquisition of William Martin significantly accelerates our strategy of providing our customers with a comprehensive one-stop approach to their health & safety and regulatory compliance needs.
"William Martin is a market leader which shares a similar channel to market with our existing businesses and benefits from strong relationships with customers who place a high value on the consultancy and software services. We are confident that this acquisition will generate attractive returns for Marlowe's shareholders."
David and Ellen Wilson, shareholders of William Martin, were advised by Cooper Parry Corporate Finance.
Presently, William Martin has 100 members of staff placed in offices in London, Leeds and Norwich. The company's records indicate, in the year ending 30 April 2018, a generated revenue of £7.5 million, an Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) of £2.3 million and a profit before tax of £2.4 million.
For more news stories about acquisitions, click here. For all our business for sale listings, click here.
This well-established vehicle refinishing and repair business in West Sussex boasts over 20 years of industry expertise, a diverse service offering, and a loyal client base, making it a trusted partner for insurance firms and fleet operators.
This well-established business in the North West excels in providing high-quality uPVC and aluminium products, serving a diverse client base with both end-to-end installations and repair services.
This opportunity highlights a prominent provider of bespoke training solutions for the public sector and civil service, renowned for its expert-led courses and strong international client base. The company offers acquirers a chance to enter niche mar...
Please choose your settings for this site below. For more information please read our Cookie Policy
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.