Tue, 22 Apr 2014 | MERGER
Record manager firm Magnum Secure has been purchased by support services provider Restore in a £4.6 million deal.
Buying Magnum will cement Restore’s position as a leading records management service provider in Britain, the London-based business said.
“The acquisition of Magnum broadens our customer base in records management market, increases our geographical coverage of the UK and will provide the group with additional cross-selling opportunities,” Charles Skinner, chief executive of Restore, said.
“We have a strong track record of effectively integrating records management businesses and the board looks forward to the contribution to the group that Magnum will make.”
Magnum is based in Goole, Yorkshire, and was established in 1989 to operate document management and secure shredding services to public and private businesses across the North East of England.
It handles vast amounts of electronic and physical records including financial, personnel, legal, medical and contracts etc. It opened a new facility in Spennymore, Country Durham in April 2010, to help push further growth and taking its total storage capacity to over 750,000.
The company’s turnover is expected to be about £2.8 million for the year ending 31 July 2014, with EBITDA of £600k.
_______________________________________________________________________
Related information:
Business investment options
Print Logic seeking buyer after entering administration
A leading engineering firm focusing on electric power steering solutions and bespoke wiring harnesses serving various industries. It operates as two entities both reputable for maintaining high standards and offering bespoke solutions for clients. In...
Market-leading fruit and vegetable supplier distributing fresh produce and complementary goods both wholesale and D2C. The companys uncompromising drive for customer satisfaction has built strong relationships with across an enviable client base incl...
Turnkey construction services provider completing a range of projects with expertise across maintenance general refurbishment new build and conservation including work on listed buildings. The company provides full-service construction works utilisin...
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.