Servest Group raises £90m capital funding

 
Bob Forsyth - Chief Executive Officer at Kings Security Bob Forsyth – Adoption of Technology, or not? Bob Forsyth, Chief Executive Officer at Kings Security, discusses the adoption of technology within the private security industry. Read on »
Alan Chua – When the time is right… In his first blog for Infologue.com, Alan Chua of Concorde Security Pte discusses his views on technology as part of the private security industry.  Read on »
David Ward David Ward – Modern society and modern targets In his latest blog for Infologue.com, David Ward of Ward Security discuss modern society and targets. Read on »
Monday, 18 December 2017

Servest Group raises £90m capital funding

Servest Group

Servest Group

Facilities management provider Servest Group has raised £90m of working capital and acquisition facilities. The move will enable the organisation to further develop its ambitious growth strategy to become one of the top five FM service providers in the UK.

“This capital raising is part of our growth strategy which we aim to achieve through a mix of organic growth and acquisition,” said Rob Legge, Servest’s Group Chief Executive Officer UK and Europe.

The organisation has made several key acquisitions over the past few years including building services firms Maxwell Stewart and FSG in July and October 2013 respectively; 7 Day Catering in December 2012; Stag Security in May 2012; and Turners Cleaning and Support Services in October 2011. Servest has also won some major new contracts over the past few months including an £8.5 million per year catering contract with the BBC, and a £9m relationship with the London Borough of Sutton together with extensions for existing clients such as Matalan.

Servest Group Website


Leave a Reply

Your email address will not be published. Required fields are marked *

*

Interconnective Security Products