Accreditation firm passes the test
A STRETFORD-based company which provides UKAS accreditation certificates for both products and procedures has been sold by founders George Maxwell and David Crompton to The Alcumus Group for an undisclosed sum.
The company, ISOQAR, was set up in 1991 and had developed one of the broadest scopes of accreditation ranges in the industry. It employs around 60 staff and has a network affiliates in countries such as Singapore, India, Japan, Italy, Greece, Indonesia, Middle East, Africa and Poland. It also has a base in the US, although this has not been included in the sale and is being retained by Maxwell and Crompton.
In a joint statement, the pair said that they were “delighted that ISOQAR, and its loyal workforce, will now benefit from the shared expertise and resources of a larger group, whilst maintaining its independence, heritage of service delivery and flexibility to innovate.”
The Alcumus Group, which is based in Buckinghamshire, is backed by private equity firm Sovereign Capital. Maxwell and Crompton were advised on the sale by south Manchester law firm Slater Heelis. “We are delighted that all of our work over the past few months has resulted in the successful sale of ISOQAR,” said corporate partner Geoffrey Blower.
