Office equipment and fit-out firm acquired by property services group
RFM Group, a property business specialising in construction, facilities management and maintenance, has acquired Centric Office Solutions Ltd a furniture, fixtures and equipment (FF&E) and fit-out company for an undisclosed sum.
Centric Office Solutions operates across the UK in the assessment and delivery of ergonomic office furniture solutions and office fit-out to a wide range of customers.
With a head office and showroom in Barrow-in-Furness, Cumbria, it has over 30 years of product and industry experience. Its staff will all transfer as part of the deal.
RFM Group, which is based in Leeds, delivers connected property services. It says this third acquisition in six months underpins its “strategic diversification” towards a broad base of property-related areas.
Ian Flanagan, RFM Group CEO, said: “There is no doubt that the workplace and office environment has radically changed and continues to evolve at pace.
“The FF&E and fit-out markets are ripe for disruption. Centric Office Solutions Ltd provides an impressive service that has been delighting customers across the UK.
“Utilising RFM’s robust processes and smart technology they are well placed to capitalise on the workplace revolution and grow significantly.”
Stuart Bucknall, Centric Office Solutions director, added: “RFM Group’s vision and drive to deliver a truly integrated suite of solutions across all aspects of property is nothing short of ground-breaking.
“Their impressive technology and customer focus will build on Centric Office Solutions Ltd service excellence.”
RFM Group was advised by Sam Irving, of the FD centre, with legal support provided by Adrian Ballam of Ward Hadaway.
Irving said: “The strategic and operational benefits that Centric will enjoy as part of the integrated RFM Group are obvious.
“As RFM Group expands from their core sector they are positioned well for growth.”
The purchase of Centric Office Solutions Ltd is RFM Group’s third acquisition in six months, with other deals currently in discussion.
It follows the successful acquisition of Ventrolla a company which repairs, restores and replaces wooden sash windows, and the recent purchase of Leeds-based Hevertech M&E brand which also became part of the RFM Group in 2020.
The Group says these deals further support its connected property offering, which covers a building’s full lifecycle from consultancy and construction through to managing and maintenance.
RFM Group stresses it is continuing to expand and is actively looking for suitable businesses to join its growing stable of companies.