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

International Export Services
North West, UK

One of the UK's leading end-to-end service providers. Comprehensive export handling, packing and storage services, providing specialist cargo and goods management to a wide variety of international operations and private clients. 40+ years of success...

Asking Price: Offers Invited
Turnover: £1,300,000

Nationwide Loss Adjuster
UK Wide

Specialises in providing complete, responsive loss adjusting services for property, motor, goods in transit and liability insurance claims. The shareholders are offering the business for sale due to their retirement plans. Offers invited.

Asking Price: Offers Invited
Turnover: £327,000

FREEHOLD


Gas Leakage Repair Solutions & Pipeline Corrosion Protection
UK Wide

Gas leakage repair solutions and pipeline corrosion protection to the utilities industry. Strong second-tier management team in place able to run the day-to-day operations of the business. Offers invited.

Asking Price: Offers Invited
Turnover: £2,800,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
24
 
Jan
 

Yorkshire engineering firm completes MBO deal | MBO/MBI

A West Yorkshire engineering group has been taken over by th...

 
22
 
Jan
 

Jewellery retailer enters administration | ADMINISTRATION

A Nottingham-based jewellery and watches company has fallen ...

 
19
 
Jan
 

Luxury lodging group enters administration | ADMINISTRATION

An Essex-based company which operates eight luxury lodge par...

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