Services group expands with acquisition
THE west Suffolk-based Servest Multi Service Group has expanded with the acquisition of Hertfordshire contract cleaning company Turners Cleaning and Support Services.
The deal, the value of which has not been disclosed, will create a business with a combined annual turnover of more than �70million.
Servest, based at Fornham All Saints, near Bury St Edmunds, has interests in waste management, recycling, landscaping, pest control, washroom services, maintenance, security and specialist services to businesses in the retail, leisure, public, commercial, transport and logistics sectors.
Stuart Buswell, Servest’s managing director for the commercial and public sectors, said: “Turners is a good key strategic fit for Servest as it provides diversification away from our current focus on the retail sector, providing a huge growth opportunity and long-term contracts.”
Servest was advised on the deal by Daniel Dickson and Keith Ferguson of accountants PKF and Rafael Ruez of Birketts Solicitors. The acquisition was funded by Yorkshire Bank.