The acquisition of Tivoli Group represents Nurture Group's 50th and largest acquisition to date. Tivoli was the fourth largest player in the grounds maintenance and landscaping sector which together with Nurture Group has created a market leading national business with combined revenue of £245m with the most comprehensive range of grounds maintenance, workplace solutions and green services in Great Britain.
The acquisition follows on from several acquisitions completed in 2024, including Gristwood & Toms and Spacecare where BDO also provided buyside financial and tax due diligence.
"The acquisition of Tivoli is our 50th since Nurture was founded in 2008, and our largest to date. We have a long-standing relationship with BDO and once again the team provided excellent analysis throughout the financial and tax due diligence process. The level of rigour with which the team conducted their work, and the quality of insight produced, were an invaluable support to management, and we fully expect to continue to use BDO’s services in the future."
Gareth Kirkwood OBE, Chief Executive Officer, Nurture Group
"To be part of a transaction to create this market leading business has been a real pleasure. This acquisition marks a significant milestone for the Nurture Group and also further demonstrates our deep experience of supporting businesses in the Support Services sector to realise their strategic ambitions."
Andrew Sproule, Managing Director - Deals Advisory
The project team included:
Transaction Services: Graham Elsworth, Andrew Sproule, Theo Chauhan-Jenkins and Georgia Braithwaite
Tax: Chris Bond and Susan Cameron
SPA Advisory: Lawrence McGinley