CHAS Acquired by Veriforce

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21 November 2022

CHAS 2013 Ltd, the provider of compliance and risk management solutions, is to be acquired by supply chain risk company Veriforce for an undisclosed fee.

Established in 1997, CHAS provides risk prevention, compliance and supply chain management services and has built a reputation for its health and safety prequalification and raising standards of risk management. The company was previously a wholly-owned subsidiary of the London Borough of Merton.

Veriforce and CHAS will create a global platform of technology and services, servicing over 3,200+ companies in more than 130 countries with over 80,000 contractors and millions of individual workers to drive safety and compliance practices throughout their supply chain.

Veriforce was represented by Kirkland & Ellis and the London Borough of Merton was represented by BDO LLP and Bevan Brittan LLP.

CHAS Operations Will Remain in Merton

“For 30 years, Veriforce has been working with the world’s leading companies to make work safer. It’s more important now than ever, and we know that coming together with CHAS will strengthen both companies’ ability to deliver on our mission,” said Colby Lane, CEO of Veriforce.

“We’re excited to bring this incredible offering to the market and work with our existing and new clients to build a truly global solution for managing risk in the supply chain.

“Our commitment to CHAS is demonstrated by our plans to maintain CHAS operations within Merton and underlined by Veriforce funding a new £50,000 annual paid internship program for young adults in the local community as well as pledging an annual £50,000 charitable donation to support Merton based businesses.”
 
Ian McKinnon, Managing Director, CHAS, added: “We are very excited to be joining Veriforce, who are committed to growing the business both within the UK and internationally. The breadth of capability will enable CHAS to achieve its full potential, enabling the business to diversify into new markets and offer new additional services for the benefit of our clients and customers.” 

Picture: a photograph of Ian McKinnon. Image Credit: Veriforce

Article written by Ella Tansley | Published 21 November 2022

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