BNP Paribas Finalises Acquisition of AXA Investment Managers
AXA has sold its investment arm to BNP Paribas Cardif for cash proceeds of €5.1 billion. BNP Paribas Cardif is the insurance subsidiary of BNP Paribas, and has...
Read Full ArticleRed Support Services Ltd and Green Support Services Ltd have both been acquired by FM services provider Kingdom Services Group.
More than 750 staff from the two businesses will join Kingdom’s 7,000+ strong workforce, joining the Kingdom Security and Kingdom Cleaning operations.
The acquired companies specialise in servicing shopping centres and commercial properties, providing national services in cleaning, security and building maintenance, as well as refurbishment, hygiene, washroom and janitorial, and pest control.
The senior management teams of both businesses will remain in place during the change of ownership.
Commenting on the acquisition Vickie Rann, Managing Director of Red Support Services says: “We are excited to be sharing the news that Red and Green Support Services have recently been acquired by Kingdom Group and will be joining the successful Kingdom Cleaning and Kingdom Security businesses.
“The Directors and existing senior management team will remain with the business and will continue to serve our customers to ensure the smooth running of our services.
“Kingdom is a substantial group, well known for providing a wide range of support services within the cleaning and security industry. We believe this will allow us to further strengthen our existing service delivery by utilising their resources and considerable branch network - especially across the Midlands and North - which will provide us with increased support in those regions.
On behalf of all of us at Red and Green, we would like to say a huge thank you to all our wonderful customers for their support and valued business over the years and we look forward to continuing serving you in the future. And to all our loyal colleagues, we also thank you for your loyalty and the magnificent work you do every day.”
Terry Barton, CEO of Kingdom Services Group, added: “This strategic merger reinforces our commitment to deliver superior services to our valued customers, and signifies yet another exciting chapter in our collective journey.
“We are excited to welcome more than 750 new Kingdom colleagues into our growing Group. There have already been so many exciting projects completed within the Group this year and it is only June, so the new employees are joining us at an exciting time and will only help us grow throughout the year. We welcome the Red and Green Support Services team into Kingdom to further expand our growing and well-established Kingdom Security and Kingdom Cleaning companies.”
Picture: a photograph of one of Kingdom Services Group's corporate buildings, with branded signage. Image Credit: Kingdom Services Group
Article written by Ella Tansley | Published 12 June 2023
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