Bidvest Noonan has acquired Lynch Interact (Interact), a leading Irish provider of mechanical, electrical and process engineering services for the built environment, in a move to strengthen its technical services division in Ireland.
Interact is Bidvest Noonan’s second acquisition of 2021, having recently announced the acquisition of Axis Group, a leading UK provider of security, cleaning and front of house services.
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.
Founded in 1956, Interact employs 80 people in Ireland and has revenues of approximately €15 million. This acquisition will more than double the size of Bidvest Noonan’s technical services business in Ireland.
Bidvest Noonan CEO, Declan Doyle, says while the Group is looking to establish a greater presence in technical services in Ireland, it has no plans to do so in the UK: “Our focus in the UK remains on strengthening our position as a leading provider of security and facilities management services, which recently saw us acquire Axis, and we are currently working with their team on our exciting plans for the future.
“In Ireland, Interact provided us with a great opportunity to bring on board an outstanding team with a reputation for high standards. Their excellent customer service and long-standing client relationships mean that they are very complementary to Bidvest Noonan in Ireland. Bringing our two teams together will significantly enhance Bidvest Noonan’s service offering, and capability to deliver fully integrated facilities management solutions, including enhanced M&E engineering services, to our Irish clients.”
Following the purchase of the two businesses, approximately 50 per cent of Bidvest Noonan’s revenues will derive from security services, 42 per cent from cleaning services and the remainder from mechanical & electrical engineering and ancillary services.
The transaction is subject to approval from the Competition and Consumer Protection Commission (CCPC) in Ireland.