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Mitie Appoints Integration Director to Support Interserve Merger
Mitie has today announced that Karen Thomas-Bland will take up a newly created role as Programme Integration Director for Mitie’s merger with Interserve’s...
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Wednesday, 12 August
London-Based FM Company Seeks Acquisitions
06 July 2020 | Updated 14 July 2020
BVC Facilities is on the hunt for facilities management company acquisitions to grow their business to £10 million by June 2021.
BVC told ThisWeekinFM that they are already in advanced discussions to acquire four businesses across England.
The company intends to acquire bases in strategic geographic locations, with the aim to agree deals within days of initial due diligence and completion in less than 8 weeks.
“We have set criteria before moving forward with any opportunity. That includes having stable revenues, of course, whilst accounting for the current economic climate, good management, and sellers who are realistic and practical in their expectations."
–Sacha Jak
Chief Executive, BVC Faciltiies
Ambitious Growth Plan
Chief Executive Sacha Jak commented: “Our plan to grow is ambitious, yet entirely do-able. The strategy we’ve mapped out gives us the direction we want the company to go and also allows us to choose the right deals for both sides.”
Funding is coming from a variety of sources including private equity, credit lines and own resources.
BVC told us that their legal and accounting teams have vast experience in mergers and acquisitions, having been responsible for over £500 million worth of SME sales and purchases.
They also confirmed that around 30 companies have already been reviewed and ruled out due to BVC’s strict criteria.
Sacha added, “We have set criteria before moving forward with any opportunity. That includes having stable revenues, of course, whilst accounting for the current economic climate, good management, and sellers who are realistic and practical in their expectations.
“In the first instance though, we simply encourage business owners considering an exit from the industry, or a new investment, to drop us a line and we can take it from there.”
Interested parties can contact buenavidacapital@gmail.com
Picture: A photograph of a skyscraper building, from the side-view
Article written by Ella Tansley | Published 06 July 2020
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