Bellrock, the technology enabled provider of risk and compliance-centred estate management solutions, has announced its acquisition of B38 Group Holdings Ltd.
Headquartered in Wakefield, B38 provides a diversified mix of facilities management services across the UK with a strong presence in Northern England and the Midlands.
The acquisition, backed by Horizon Capital will deepen Bellrock’s geographical coverage, increases its presence in the Food Retail and Student accommodation markets and extends its ability to self-deliver key service lines.
David Smith, CEO, Bellrock said: “I’m delighted to welcome the B38 team into our group. Adding significant new skills in property and facilities management, the acquisition further strengthens our growing footprint in Northern England. The acquisition comes on the back of recent high profile wins like the Legal and General contract and is further evidence that our model of risk and compliance centred estate management, delivered through our supplier agnostic technology platform Concerto, is the future for sophisticated and complex Facilities Management needs.”
Jeremy Hand, Horizon Capital Chairman said: “Bellrock’s strong financial performance through Covid is testament to its value-adding operating model, supporting and enabling customers across sectors through highly challenging times. The acquisition of B38 is the eleventh by Bellrock over the past four years and is consistent with its clear strategy of accelerated growth both organically and via targeted M&A.”