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
Provides a multitude of property management maintenance services, such as plumbing, decorating, refurbishment, general maintenance, plastering, kitchen fitting and bathroom fitting. Having built up the business over the course of nine years, our clie...
LEASEHOLD
Offers a comprehensive range of industrial electrical installation and design services, including single and block cable drawings and testing. Designs and installs a variety of specialist control panels. Manufactured control panels include Form 2 wal...
LEASEHOLD
Achieved a turnover of £510k. Projected turnover of £600k. Has the latest, advanced CNC machinery, offering a first-class service. Holds long-standing relationships with several clients, with some in place for over 18 years. .
LEASEHOLD
|
15
|
|
Aug
|
Trainer reseller Kick Game exploring £150m sale | BUSINESS SALE
Trainer reseller Kick Game is reportedly considering a sale,...
|
12
|
|
Aug
|
Aviva to complete Succession acquisition and support further consolidation | BUSINESS SALE
Aviva is poised to complete its acquisition of wealth manage...
|
11
|
|
Aug
|
Flotek acquires Swansea-based legal and professional services IT provider | BUSINESS SALE
IT and Managed Service Provider (MSP) Flotek has acquired Sw...
Sign up to receive our acquisition alert emails to get your FREE guide
|
30
|
|
Apr
|
Digital records company sold at more than 22x multiple | BUSINESS SALE
EDM Group, a Wolverhampton-based digital records firm, has b...
|
08
|
|
Aug
|
Arrow's UK ITAD business - winding down or up for sale? | BUSINESS SALE
Arrow recently announced its intentions of winding down its ...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources