£160m Leicester property management firm sold
Leicester-based Bellrock Property & Facilities Management has been sold to an affiliate company of Sun European Partners, the private investment advisory firm for an undisclosed sum.
Bellrock is a provider of specialist risk-focused workplace and property management solutions. It employs 1,000 staff at 75 sites across the UK.
Bellrock’s revenues have quadrupled to over £160m over the past eight years after acquiring 11 companies.
“We are very excited to be partnering with Bellrock and continue its excellent track record of organic growth as well as its buy and build strategy,” said Paul Daccus, managing sirector, Sun European Partners.
He added: “They have a highly experienced management team with a proven track record of integrating acquisitions and gaining market share through their proprietary software offering. We look forward to partnering with the team as they transition to their next phase of growth.”
David Smith, CEO of Bellrock, added: “We are very excited to be partnering with Sun European, which gives us the opportunity for accelerated investment, focusing on key market challenges around sustainability and carbon net zero, whilst continuing our investment in disruptive technologies such as advanced automation and analytics.
“Sun European has an excellent track record of driving growth within its portfolio companies, leveraging its operational experience to support defensible businesses, which makes them the ideal partner for us.
“Our management team are fully committed to and excited about the next stage of our journey and working with Sun European to realise the full potential of the business.”emplo
