M&A activity in brief: Maxim FM, Applied Inspection, Tractel

CLEANING contractor Maxim Facilities Management has acquired CLT Services.

Founded in 2010, Maxim has made three acquisitions in two years and now has added the Leeds-based firm CLT to its portfolio.

Managing director Graham Conway said “CLT Services has been established as a family business for over 25 years, and the purchase significantly strengthens our base in the Leeds area.

“In addition to the acquisition, we are also enjoying organic growth in and around this key conurbation and are confident this will continue, particularly given the strength of the operational team we have acquired from CLT”.

James Bryce, partner at Square One Law advised on the transaction ‘’We were delighted to support the Maxim FM team on this project.

“Having worked with Maxim FM on all their recent acquisitions we look forward to being part of the team in delivering their strategy moving forward. “


NON-DESTRUCTIVE testing firm Rockwood Service Corporation has acquired West Yorkshire firm Applied Inspection.

NDT firm Applied Inspection, which was founded in 1984, has sited in Ossett, Chesterfield, Burton and Glasgow.

Peter Scannell, Rockwood’s founder said: “We are very pleased to welcome the entire Applied organization to the Rockwood family. “The Applied team has deep technical expertise and a long-standing commitment to delivering value-added NDT services with an emphasis on quality, safety and productivity.

“We look forward to working with this high calibre team to build upon the success realized to date.”

Ted Peake will continue to oversee Applied as managing director and Pat Slater will continue to serve as technical director. Mr. Peake said: “We are very excited to partner with Rockwood, a global leader in NDT.

“The values of Rockwood and Applied are highly complementary. This partnership enables Applied to further enhance its capabilities with respect to advanced methods, innovative technologies and reporting to bring more value to our customers.”

Premier M&A Services acted as financial advisor and Yorkshire-based hlw Keeble Hawson acted as legal advisor to Applied in the transaction. McGuireWoods served as legal advisor to Rockwood.


SHEFFIELD-BASED lifting and handling firm Tractel has been sold to European investment firm Cinven.

Owners LBO France sold the firm, which handles lifting and handling, suspended access and safety equipment.

Mr. Thomas Boulman, partner at LBO France, said: “We are happy to have contributed to Tractel’s development through working with the Management Teams, and in particular to have supported the Group in its continued international expansion.

“Their expertise and involvement have ensured solid results for the business despite a sometimes challenging environment. We believe Tractel is now perfectly positioned to seize further growth opportunities while preserving its profitability profile.”

Mr. Xavier Geismar, partner at Cinven, added: “We are looking forward to working with the team at Tractel to expand the company’s international development. We will contribute to consolidate Tractel’s position as a global leader in lifting and handling and working-at-height products.”

Mr. Denis Pradon, chief executive of Tractel, said: “We see our future collaboration with Cinven as a new development opportunity for Tractel, from both geographical and operational stand points. Tractel will benefit from Cinven’s expertise and support, especially in the analysis of external growth opportunities.”

Lazard and Canaccord Genuity acted as financial advisors to LBO France and Mayer Brown acted as legal advisor. Fidal and Callisto also acted as advisors to the Management. Advisers to Cinven on this transaction included Rothschild and Clifford Chance.


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