NorthEdge backs MBO of facilities management firm
NorthEdge Capital has bought Orbis Protect as it backs a management buyout of the facilities management company.
NorthEdge’s Midlands team, led by Rob Freer, has taken a majority stake in the business.
Orbis is headquartered in Uxbridge although its senior management team are based in the Midlands. The £28m-turnover company employs 400 people at 19 depots across the country, providing vacant property management and lone worker protection services.
Guy Other, chief executive at Orbis Protect, said: “Orbis is entering a significant new phase of growth and product development, building on a great reputation and supported by dedicated colleagues.
“I believe NorthEdge will be ideal partners sharing and supporting our goal to become recognised as market leaders in all the key sectors we serve.”
The MBO was supported by a number of Midlands advisers. Deloitte’s corporate finance team was led by Darren Boocock, and Gavin Cummings headed Browne Jacobson’s team. BDO, Teneo, PwC, KPMG, SRS and Marsh also advised NorthEdge Capital, while RSM advised the Vendor.
Rob Freer, head of Midlands at NorthEdge Capital, added: “There is particularly strong potential in the company’s commercial proposition with more product development to come, and we are confident that the team can continue the excellent progress made in recent years, to cement the business’ reputation as a true market leader.”