Cooperative Facility Support agree to acquire M&R Facilities Management in a progressive deal for the North-West based company.
During the last 20 month period Ellesmere Port based M&R Facilities Management Limited (M&R) has been seeking investment into their business to enable growth plans to become reality in both existing and new market places. The Directors of the business entered discussions with Cooperative Facility Support Ltd (CFS) and the Bluestones Investment Group, the result of those negotiations have resulted in a deal being agreed whereby CFS acquire M&R outright and additionally agree a strategy that will enable all existing customers of M&R to be delivered an enhanced service. The acquisition of M&R gives CFS an increased client book along with instant 100% employee growth.
CFS will move its central operation to the existing M&R facility in Ellesmere Port and will engage into a continuous programme of development into the site for operational purposes.
CFS is one of 32 brands in the Bluestones Investment Group portfolio with its head office also based in Ellesmere Port covering facilities management, support services and recruitment brands across the UK. Backing from the Bluestones Investment Group CEO Steve Pendergast has enabled CFS to acquire M&R as part of a strategic business development plan to provide a larger demographic of business services to existing clients followed by new markets as identified. CFS will be managed on a day to day basis by CFS Managing Director John Thomson and newly appointed Business Development Director Stewart Roberts to expand the CFS brand locally and nationally. All existing M&R staff will join the CFS team and become one entity based from the new CFS head office.
CFS Managing Director John Thomson commented:
CFS are very excited with our acquisition of M&R. This purchase allows CFS to exceed our intended business plan expectations for growth by some 2 years and take us into a wider market and with that, obtaining a larger footprint within the FM arena.
John continued: “This acquisition will take CFS into more diverse markets than we are currently operating in, with markets such as waste management, energy and the chemical industries being retained at the forefront of core business as well as the extensive planned growth in the planned and reactive maintenance arena and finally the house building market.”
“There is recognition that employees from each of the businesses will enhance each other’s skill sets to offer our client base a more varied and turn-key service, we are confident in particular that the additional services we can provide to existing clients will be warmly received.”