Thu, 11 Jan 2018 | MBO/MBI
One of the country’s leading building maintenance and construction service firms has successfully undergone a management buy-out (MBO) lead by a team of managing directors from its subsidiaries.
The Quarr Group, based in Fleet, Hampshire, is a building services, contract cleaning and contract catering firm that specialises in the education and government sectors and has been operating for over 25 years. It turns over more than £70 million on an annual basis and employs a workforce of 3,000 based in offices in Hampshire, the Isle of Wight, Sussex, Surrey and London.
Its portfolio of clients includes schools, universities, local authorities, healthcare bodies and trusts, social housing providers and commercial businesses.
The firm has been successfully taken over by a team of directors from the Quarro Group’s subsidiaries: Brian Warren, from Nviro, Nelson Williams, from Pabulum, and Simon Ingram from Mountjoy.
The MBO was assisted by a team from law firm Shoosmiths, led by corporate partner Stephen Porter and with support from banking partner Rebecca Mauleverer, associate Sharon Everard, solicitor Rebecca Chafer and trainee solicitor Ben Churchyard.
Porter said that he and his team were “delighted” to have helped bring the Quarr Group to the next stage of its development.
He added: “It has a strong and experienced management team in place and we are sure that the incredible growth that The Quarr Group has experienced in recent years will continue.”
A spokesperson for The Quarr Group said that firm’s new management would focus on “investment in our people” to take the company to the next stage.
They added: “Mountjoy, Nviro and Pabulum's shared desire is to enhance the customer experience and be recognised as leading partners in our respective industries. Our values will remain as the cornerstone of our business.
“Working with our great people we aim to deliver sustainable growth over the coming years whilst maintaining the high standards of service delivery our clients have come to expect.”
This established business specialises in the maintenance of heating, cooling, ventilation and refrigeration in industrial, commercial and domestic markets providing a high volume of repeat business from regular call cycles.
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