Bidvest Noonan has acquired UK support services firm, Axis Group, for an undisclosed consideration.
Founded in 1994 and employing 4,000 people, Axis Group has combined revenues of approximately £120 million and comprises Axis Security, Axis Cleaning, and Acuity, a specialised provider of front of house management services. Axis has nine regional offices and a strong presence across a range of industry sectors including corporate, retail, transport, manufacturing and public sector.
Bidvest Noonan, part of The Bidvest Group, is a leading provider of outsourced services including security, cleaning, technical and ancillary services in the UK & Ireland. The company has expanded its services and footprint in the UK and Ireland in recent years through a combination of organic and acquisition-led growth, creating a significant security and facilities management business with over 20,000 employees.
Following the transaction, Bidvest Noonan’s annualised group revenues will increase to over £500 million, over 50 per cent of which derives from security services, cementing its position as the fourth largest provider of security services in the UK and the number one provider in Ireland. It also significantly accelerates the growth of its UK cleaning business and consolidates Bidvest Noonan’s position as one of the fastest growing services businesses in the UK, and a market-leader in Ireland.
Declan Doyle, CEO of Bidvest Noonan, said: “Axis is a great business supported by a team of excellent people. Its purchase represents the continued realisation of our strategy to grow our UK business and strengthen our position as a leading provider of security and facilities management services. We are very excited about the future prospects for the business and look forward to working with the team to build on their successes to date.”
Axis Group CEO, Jonathan Levine, said: “Bidvest Noonan is a great partner for our business, committed to long-term growth and development of the company, as well as our 4,000 people. With a reputation for high-standards, excellent customer service and long-lasting, trust-based relationships with clients, their values and approach are highly complementary to our business and we look forward to working with them to continue delivering high-standards of service to our clients.”