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Orbis Protect Completes Management Buyout

Orbis Protect Completes Management Buyout
28 June 2021
 

Orbis Protect, a provider of vacant property services, site security and people protection services, has announced a strategic management buyout.

The buyout is intended to support Orbis’ plans to invest in smart technologies, grow their existing UK business and prepare for international growth.

The agreement, completed on 14 June 2021 will see current COO Ben Howard take on the role of CEO supported by the existing management team and backed by growth equity investor, Synova and existing investment partner, NorthEdge Capital.

 

CEO to Retire

 

Guy Other will retire as CEO after building the business over the last seven years. He commented:

“I am proud to be leaving the business in an incredibly strong position and with an investment that will ensure it continues to grow. I look forward to working alongside Ben in the coming months to support the transition and watching the business continue to develop and grow”.

Ben Howard added: “Firstly, I would like to thank Guy for all his efforts in building Orbis into the successful business it is today. This is a hugely exciting milestone for us, we work with a wide range of organisations providing a full range of property services from cleaning and clearing, to infection control, pest control and security solutions for vacant properties. Our partnership with Synova and NorthEdge Capital provides us with the opportunity to invest in new smart technology solutions, grow the business nationally and international and most importantly, provide our customers with innovative solutions quickly and at scale.”

Kevin O’Loughlin, Investment Director at NorthEdge, said: “It has been great working alongside Guy and Ben over the last three years. They understand how to run a business well, recognise the importance of their people, and have consistently traded ahead of plan. They, alongside the rest of the management team, have worked incredibly hard and I’m looking forward to seeing the business continue to grow over the coming years.

"With significant future growth prospects, through European expansion and strategic acquisitions, finding the right investor was critical for Orbis. Synova’s experience means they are the ideal partner to support the business on its next phase of growth and we are excited to remain part of the journey.”

Alex Bowden, Partner at Synova said: “We are delighted to be partnering with the team at Orbis, as well as NorthEdge.  The business has an enviable position in the UK market place, delivering exceptional quality and service delivery to its client base. We look forward to supporting Ben and the wider management team with the continued investment in People, Technology and delivery of an ambitious M&A strategy”.

Picture: a photograph of an Orbis-branded vehicle with two employees wearing hard has and high-vis jackets.

Article written by Ella Tansley | Published 28 June 2021

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