Facilities support company acquires Cheshire rival
COOPERATIVE Facility Support has acquired Cheshire company M&R Facilities Management, based in Ellesmere Port, Cheshire.
The deal, for an undisclosed value, sees CFS acquire M&R outright.
The acquisition of M&R gives CFS an increased client database as well as a 100% increase in staff numbers to 22.
CFS will move its central operation to the existing M&R facility in Ellesmere Port and will engage in a continuous programme of development into the site for operational purposes.
CFS is one of 32 brands in the Bluestones Investment Group (BIG) portfolio with its head office also based in Ellesmere Port. BIG covers FM, support services and recruitment brands across the UK.
Backing from Bluestones chief executive Stuart McBride has enabled CFS to acquire M&R as part of a strategic business development plan and to provide a larger demographic of business services to new and existing clients.
McBride said “This acquisition has been carefully and thoroughly planned, it will allow CFS to expand its reach into strategic areas and businesses across the country. I’m extremely pleased that CFS has been able to complete it with the support of the Bluestones Investment Group.”
CFS will be managed on a day to day basis by its managing director John Thomson and newly- appointed business development director Stewart Roberts.
They are aiming 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.
Thomson said: “CFS are very excited with the acquisition of M&R Facilities Management. This purchase allows CFS to exceed our intended business plan expectations for growth by two years. It will drive us into a wider market and with that, obtain a larger footprint within the FM arena.”
“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.”
There will be extensive planned growth in the planned and reactive maintenance arena and finally the house building market.”
