Support services company completes acquisition

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.


Share this article



Latest Businesses for Sale

Access Control Systems & CCTV Consultancy
Hertfordshire, South East, UK

Offers an extensive range of specialist property development solutions. Provides a multitude of security systems, including installation and maintenance. Works with circa 140 active clients, 85% of whom provide repeat business. Offered for sale to fa...

Asking Price: Offers Invited
Turnover: £530,000

FREEHOLD


Telegraph Pole & Fibre Optic Installation & Replacement Services
UK Wide

Works with national communications networks and utility companies to provide rapid, reliable telegraph and utility pole services. Operates nationally, predominantly working with clients based across the Midlands. Works with market-leading, blue-chip...

Asking Price: Offers Invited
Turnover: £2,450,000

LEASEHOLD


Passive Fire Protection Specialist
UK Wide

Supplies and installs a range of comprehensive passive fire protection systems in buildings throughout the UK. Services offered include structural steel protection, fire stopping, acoustic and air sealing and soffit insulation. In addition to its cor...

Asking Price: Offers Invited
Turnover: £6,390,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
02
 
Apr
 

Next puts headquarters and three warehouses up for sale | COMMERCIAL PROPERTY

Fashion retailer Next has put its head office and three ware...

 
01
 
Apr
 

Sheffield-based cafe chain falls into administration | ADMINISTRATION

Sheffield-based cafe chain Massarella Gelaterie Ltd has been...

 
31
 
Mar
 

Coronavirus Business Interruption Loan Scheme to cover business acquisitions | BUSINESS NEWS

The UK government has launched the Coronavirus Business Inte...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources