The founders of the Quarr Group have agreed a management buy-out with the directors of its three subsidiaries - Nviro, Mountjoy, and Pabulum. The companies specialise in contract cleaning, building maintenance and construction, and contract catering respectively. Operating for over 25 years, the Quarr Group provides services for a range of clients, including schools, academies, colleges, universities, local authorities, healthcare bodies, social housing providers, and commercial businesses.
The MBO was supported by a finance facility agreed with long-term banking partners, HSBC.
Anthony Reed, HSBC’s area director for Hampshire and Dorset, said: “We have been a banking partner of the Quarr Group for more than 10 years and in that time we’ve seen the business go from strength to strength. We look forward to continuing our valued, long term relationship with the Quarr Group as they move forward with this exciting new phase of growth.”
The MBO team involves all the executive directors from the subsidiary companies and was led by the three managing directors - Brian Warren from Nviro, Nelson Williams from Pabulum and Simon Ingram from Mountjoy.
There will be no change to the existing staffing or management structure of the group which has an annual turnover in excess of £70 million and employs over 3000 staff across London and the south of England.
Photo Shows: From left to right: Simon Ingram, managing director of Mountjoy; Nelson Williams, managing director of Pabulum; and Brian Warren, managing director of Nviro.