Private equity-backed Obsequio swoops again
Leicester-based Obsequio Group, the provider of fire detection, safety, security and water hygiene solutions, has added asbestos compliance capabilities to its services, with the acquisition Environtec.
The deal will further expand the group’s geographical reach, with the addition of its first office in Scotland.
Environtec is headquartered in Chelmsford, Essex, and its 215 staff operate from offices in Mansfield, Newcastle, Newport in Wales and Hamilton in Scotland.
Three of Environtec’s existing shareholders – Paul Shaw, Dan McGuire, and Ricci Price – will remain with the business, with a fourth, Matthew Dennis, stepping down.
Obsequio group M&A director Philip Sarthou said: “We’re delighted that Environtec has chosen to join the growing Obsequio team. As well as sharing the same vision and ethos as the wider group, its addition to our stable will add new compliance capabilities to the business and build on our expanding water hygiene expertise.
“It enables us to offer a cost-effective, high-quality and timesaving one-stop-shop for fire, security, water, energy, air quality, asbestos, environmental compliance and electrical safety to a broader client base.
“It also provides us with UKAS accreditation and builds on our existing strong customer service reputation.
Obsequio group chairman Simon Cashmore added: “This acquisition is the latest step in our committed buy-and-build strategy to widen our geographical reach, expand the range of sectors we support and increase the number of compliance services we offer.”
Environtec managing director Paul Shaw said: “We are thrilled to be joining the growing Obsequio Group, which shares our approach and values. We look forward to offering our expertise to its many public and private sector clients, while enabling our existing clientele to benefit from the compliance services offered by the wider group.”
The deal was funded through European financing specialist Kartesia, which, in partnership with Beech Tree Private Equity, provides additional clout to the group’s buy-and-build strategy.
Kartesia investment director Daire Creighan said: “Environtec represents a strategically important acquisition and will act as a strong catalyst for Obsequio’s future growth in the complementary water hygiene and asbestos compliance sectors. We look forward to continuing our partnership with management and Beech Tree and supporting future acquisitions as part of Obsequio’s ambitious buy-and-build strategy in the UK”
Beech Tree Private Equity director Ben Cartwright added: “The addition of Environtec is the latest chapter in helping Obsequio achieve its aim to be the leading multi-disciplinary compliance services provider in the UK. We plan to add further complementary services to the Group over the coming months.”
