The Leading News & Information Service For The Facilities, Workplace & Built Environment Community

Cambridge Maintenance Services Management Buyout Complete

Cambridge Maintenance Services Management Buyout Complete
14 December 2020

Rockpool Investments has backed the management buyout of Cambridge Maintenance Services, a leading provider of mechanical and electrical engineering services in the UK.

The management buyout was led by Ian Wheeler (Managing Director) and Chris Kindon (Operations Director), following a period of sustained growth for the company. 

Michael Ruddock and Mark Beadle joined the board at completion of the deal as Finance Director and Non-Executive Chairman respectively. Clydesdale Bank provided senior loan facilities to support the acquisition.

Cambridge Maintenance Services (CMS) is a nationwide supplier of technical engineering services, offering mechanical and electrical planned preventative maintenance.

They specialise in disruptive smart technology to deliver regulated building maintenance, testing and compliance services across nine engineering hubs in the UK.


Continuing Growth Strategy


Ian Wheeler, Managing Director of Cambridge Maintenance Services, commented on the buyout:

“This transaction marks an exciting next step for CMS to continue our development in the sector and to strive to be the maintenance service provider of choice. The buyout will provide enhanced opportunities for members of our fantastic team to develop with the business and provide more services in house.

“Most importantly, we strongly believe that it will provide our clients with confidence that with the current management team remaining in position, it will be very much business as usual. We are delighted to have found a supportive long-term partner in Rockpool Investments and we look forward to working with them to deliver our business plan.”

Tom Coey and Simon Collins led the investment for Rockpool. Coey added:

“This deal represents a fantastic opportunity for our investors to support an established and well-managed business with an excellent reputation in the facilities management sector. Ian and Chris have led Cambridge Maintenance Services through an impressive growth phase amidst changeable market conditions this year, and we are pleased to be backing the team to continue with their growth strategy”.

Rockpool, the private equity firm, was advised by Taylor Wessing LLP (legal), Cavendish Corporate Finance (debt and M&A), Grant Thornton Corporate Finance (financial and tax), RPL Advisory (commercial), Catalysis Advisory (management) and Lumin Insurance (insurance).

Cambridge Maintenance Services was advised by Hewitsons LLP (legal), Grant Thornton Corporate Finance (M&A) and Saffery Champness (tax).

Picture: a photograph of a maintenance engineer working 

Article written by Ella Tansley | Published 14 December 2020


Related Articles

Orbis Protect Completes Management Buyout

Orbis Protect, a provider of vacant property services, site security and people protection services, has announced a strategic management buyout. The buyout...

 Read Full Article
GDM Group Acquires Concourse FM

The GDM Group has announced both the management buyout and merger with Concourse FM. The senior management team have all taken an equity stake in the business, and...

 Read Full Article
WSP Completes Acquisition of Capita’s Real Estate and Infrastructure Consultancy Businesses

After announcing the deal in August 2022, WSP has completed the acquisition of GL Hearn Ltd and Capita REI from Capita Plc. This will add around 1,000 UK-based...

 Read Full Article
H.I.G Capital Acquires CPS Building Services

Global investment firm H.I.G has acquired Cambridgeshire M&E service provider CPS Building Services Limited. The existing management team of CPS will remain in...

 Read Full Article
Equinoxe Solutions Acquired By Compass Group

Compass Group UK & Ireland has acquired Equinoxe Solutions, which will sit within Foodbuy, Compass’ procurement business. Equinoxe Solutions, based in Essex,...

 Read Full Article
CBRE Acquires E2C Technology

CBRE has acquired artificial intelligence business E2C Technology, with the intention of offering its clients additional data solutions. CBRE hopes to use the...

 Read Full Article
Excellerate Services UK Acquires GSA

Excellerate Services UK has acquired Glasgow-based GSA. GSA offers professional cleaning & support services to some of the UK's most prestigious clients in...

 Read Full Article
Nurture Group Acquires Trio of Grounds Maintenance Businesses

Nurture Landscapes Group has increased its presence in the Midlands and North of England with the completion of three acquisitions. Barton Grange Landscapes, near...

 Read Full Article
WSP Adds RPS to Recent Acquisitions

WSP, who recently acquired two real estate and infrastructure consultancy businesses from Capita, is also intending to take over the UK-based consulting firm RPS. The...

 Read Full Article
Capita Sells Real Estate and Infrastructure Consultancy Businesses to WSP

WSP will acquire two real estate and infrastructure consultancy businesses from Capita: GL Hearn Ltd and Capita REI. Capita expects to receive proceeds of around...

 Read Full Article