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MBO at FM company after multi-million pound investment

Published 25th October, 2021 by Neil Nixon

From left: Martin Holt, PSS; Andrew Walker, PSS; Simon Kelsall, FDC; Danielle Parker, PSS; and Tom Chatwin, PSS.
From left: Martin Holt, PSS; Andrew Walker, PSS; Simon Kelsall, FDC; Danielle Parker, PSS; and Tom Chatwin, PSS.

Premier Support Services Ltd has received a multi-million pound investment from Frontier Development Capital (FDC) to facilitate a management buyout by its management team. The investment from FDC is part of a deal to support the buyout, seeing the incumbent managing director, Andrew Walker, becoming a majority shareholder alongside management team Martin Holt, Danielle Parker and Tom Chatwin.

Headquartered in Birmingham, Premier Support Services provides commercial cleaning, building maintenance and security services. Following the MBO, the firm is set to pursue new organic growth and strategic acquisitive growth within the property management sector.

Andrew Walker said: “Our dedicated ‘Premier people’ are the core of our business and are passionate about the services we provide to our customers throughout the UK. These past 18 months has seen the business diversify its service offering - working collaboratively with our customers to deliver a flexible, professional and reliable service, subsequently allowing our customers the time to focus on their core business during the pandemic. FDC worked closely with us to structure an investment that is right for our business and its customers. It will enable us to continue to invest in innovative solutions and help our Premier people to continue to make a difference. We would like to thank both our customers and our Premier people for their continued commitment and support, allowing our Premier community to flourish.”

Simon Kelsall, investment director at Frontier Development Capital, said: “FDC is backing an ambitious management team in their buyout of Premier and looks forward to working with them to deliver the exciting plans that they have set out for the business. The last 18 months have elevated the importance of cleaning within both the office and leisure environments. Premier has reacted well to this, leading the way in the sector’s response to COVID-19 and introducing new service lines that address the specific concerns of individual customers. We are delighted to be Premier’s chosen funding partner as they continue to deliver great service across the industry.”

www.premiersupportservices.co.uk

Article links

http://www.premiersupportservices.co.uk