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
Apleona Acquires Neylons Facility Management

Apleona has acquired Neylons Facility Management, one of the largest owner-managed integrated facility management providers in Ireland. The acquisition means that...

 Read Full Article
Hygiacura Group Acquires Sector Support Services 

A new facilities management investment vehicle has acquired Bedford-based cleaning services provider Sector Support Services Limited. Hygiacura Group Limited, led by...

 Read Full Article
Bayleaf Facilities Management Acquires Kleen London

Commercial cleaning services provider Bayleaf Facilities Management has acquired Kleen London. Bayleaf Facilities Management Director, Paul Babai, says the move will...

 Read Full Article
Atlas FM Acquires Tudor Group 

FM service provider Atlas has acquired commercial cleaning company Tudor Group for an undisclosed sum. Tudor Group is based in Eccles, Greater Manchester and provides...

 Read Full Article
PTSG Acquires Flame Control

PTSG has completed its first overseas acquisition, purchasing a fire solutions firm that operates across the Netherlands. Flame Control specialises in fire alarm...

 Read Full Article
BGES Group Acquired by learnd Limited

Building management solutions company BGES has been acquired by learnd Limited, as part of its plan to become the leading energy management provider in Europe. learned...

 Read Full Article
Diamond Facilities Support Group Founders Complete Purchase of 100% Shareholding 

Adam Atkins and Helen Cooper, the founders of Diamond Facilities Support Group, now own a 100 per cent stake in the business as it reaches its 14th anniversary. Coat...

 Read Full Article
Compass Group Agrees to Acquire CH&CO

Compass Group UK & Ireland has proposed to acquire the food business CH&CO. The deal is for an initial enterprise value of £475 million, with the...

 Read Full Article