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

GDM Group Acquires Concourse FM

GDM Group Acquires Concourse FM
29 January 2021
 

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 Gary Draper will act as Group Managing Director and Nigel Taylor will be Chair and Non-Executive Director. GDM is a London based consultancy that delivers design and project management services in the UK and internationally. Concourse FM is a facilities management business with complementary clients and geographic reach. They provide services to blue-chip clients including Deutsche Borse Group, Royal London, Aberdeen Standard Investments, Grosvenor and Aviva.

Founded in 1991, GDM has successfully grown from a South East England based building services design consultancy into a multi-national, multi-disciplined property services consultancy which has undertaken projects across the UK, throughout mainland Europe, Middle East, Asia, Australia and North America. Concourse FM was founded in 2007 as a boutique facilities management services provider and has a natural synergy with a complementary client base and geographies.

 

30th Anniversary of GDM

 

GDM Group Managing Director and Co-Founder Gary Draper, who led the transaction alongside Chairman Nigel Taylor and Co-Founders/Directors, David Moseby, Craig Scott, Chris Doyle and Alex Riche, said: “When we founded GDM we had a mission to build a sustainable MEP design consultancy providing personal director input into every project for the benefit of every client. We will celebrate the 30th anniversary of GDM during 2021 and continue to develop our service proposition for the benefit of our clients; now adding facilities management and real estate services. We have a long-standing relationship with Concourse and a new strategy to support clients across the lifecycle of their built assets.

“We are now poised to embark upon the next stage of our growth with our partner, Tosca Debt Capital, to further develop our capabilities and geographic reach whilst continuing to focus on providing unparalleled levels of service to our clients.”

Gary Davison, Partner at Tosca Debt Capital LLP, added: “We are delighted to have been able to support the GDM and Concourse teams to acquire their newly merged businesses. We look forward to working with the team to build value in their business over the coming months and years.”

Picture: a photograph showing a handshake between two people

Article written by Ella Tansley | Published 29 January 2021

Share



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
Cambridge Maintenance Services Management Buyout Complete

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

 Read Full Article
Landsec Purchases 75% Stake in MediaCity

Landsec has acquired a majority stake in MediaCity, the 37-acre media, digital and tech hub in Salford, Greater Manchester, for £425.6 million. Indicating...

 Read Full Article
Bouygues Submits Offer for Engie’s Equans

Bouygues has submitted a binding offer to acquire Engie's facilities management and technical services arm, Equans. Reuters estimates the deal is worth 5-6 billion...

 Read Full Article
Bellrock Joins Forces With Sun European Partners

Bellrock Property & Facilities Management is to partner with Sun European Partners, LLP to accelerate future growth. Bellrock Property & Facilities Management...

 Read Full Article
CBRE Completes Majority Ownership of Turner & Townsend

CBRE has acquired a 60 per cent ownership interest in Turner & Townsend. The companies have also entered into a strategic partnership, whereby CBRE and Turner...

 Read Full Article
PTSG Acquires Neo Property Solutions

Premier Technical Services Group Ltd (PTSG) has announced the acquisition of Neo Property Solutions Limited, a highly accredited company offering passive...

 Read Full Article
Hines Acquires Property Management Firm, Helix

Hines, the international real estate firm, will take over Helix’s team of 60 property management professionals. Operating from its offices in the West End of...

 Read Full Article
Grundfos to Acquire Water Technology Company MECO

In a move aimed at strengthening its business in the global water treatment market, Grundfos is to acquire Mechanical Equipment Company. Grundfos, the...

 Read Full Article
Leadec Acquires Partners in Hygiene

Leadec, the global service specialist for factories, has acquired Partners in Hygiene, a UK-based service provider for the food industry. This move...

 Read Full Article