Guarding

FM buy

by Mark Rowe

Facilities management service provider Servest has acquired mechanical, maintenance and building services business Maxwell Stewart. The firm says that it’s part of its growth and diversification strategy.

Servest identified the M&E company as providing a strategic and cultural fit with the existing business and its plans for expansion and growth in the UK facilities sector. The combined business will have annual sales of around £225m.

Servest Group Chief Executive Officer UK and Europe Rob Legge, said: “This acquisition is part of our growth strategy which we aim to achieve through a mix of organic growth and further purchases. This acquisition provides diversification into yet another service area – it offers long-term contracts and a huge growth opportunity. I look forward to working with Maxwell Stewart’s management team on integrating the business into Servest and realising our combined potential.”

And Maxwell Stewart’s Managing Director Paul Morgan said: “This is great news for our business. Being part of the Servest group allows us to discuss a full range of services with our customers and further develop the relationship with our clients who are looking for a multiservice solution.”

Maxwell Stewart was founded by Robert Stewart in 1992 and provides services in the retail, leisure, education, travel, corporate, transport and manufacturing sectors. It has an annual turnover of £15m. Morgan and all the senior management at Maxwell Stewart remain in place. Servest says it’s to deliver key service lines of maintenance and building services, catering, cleaning and security nationally, enhancing value to existing and new customers through its self-delivery integrated solution model.

The acquisition of Maxwell Stewart follows the acquisition, in December 2012, of the UK’s largest independent caterer 7 Day Catering. This followed the May 2012 purchase of Stag Security.

About Servest

Servest Group is a facilities management provider employing more than 15,000 people over 4,400 sites across the UK, with a turnover in excess of £225m.

Founded in 1998, Servest is based in London, Harrogate, Rickmansworth, Manchester and Birmingham, and with a head office in Bury St Edmunds, Servest is 73 per cent owned by Servest South Africa with the remainder owned by the UK management team.

Visit www.servest.com

Related News

  • Guarding

    Wellcome contract

    by Mark Rowe

    Wellcome Trust, the scientific and research charitable foundation, has appointed Ultimate Security Services to manage its integrated service operations in an initial…

  • Guarding

    SIA consults

    by Mark Rowe

    The Security Industry Authority (SIA) is holding a consultation to gauge the views of stakeholders on its draft Business Plan for 2015/16…

Newsletter

Subscribe to our weekly newsletter to stay on top of security news and events.

© 2024 Professional Security Magazine. All rights reserved.

Website by MSEC Marketing