BDO Facilities Management M&A team has acted as lead advisor to the shareholders of B38 Group (“B38”) on its sale to Horizon Capital LLP-backed technology-enabled compliance and risk management company, Bellrock. B38 provides a diversified offering through a mix of hard and soft facilities management services, across the UK with a strong presence in Northern England and the Midlands.
The deal provides Bellrock with increased geographical strength to the Bellrock group. It also widens Bellrock’s customer reach within the Food, Retail and Student accommodation markets whilst extending it’s ability to self-deliver existing services.
This acquisition further enhances Bellrock’s growing reputation across the Facilities and Property market as a technology and compliance led alternative to the traditional TFM approach.
"Satvir and the BDO team have helped deliver a great result for both B38 and Bellrock, adopting a collaborative way of working and were always willing to go over and beyond in their efforts to support all parties to navigate through the deal whilst ensuring that the B38 team could also continue to run the day to day business. Their knowledge of the FM sector ensured an efficient and mutually beneficial agreement was achieved in this strategic deal. As always there were a few twists and turns along the route and the BDO team helped to provide solutions throughout. I look forward to working with the BDO FM team again in the future."
Alan Horton, Executive Chairman and Shareholder, B38 Group