Arcus FM has secured strategic investment from ESO Capital which will see the business become independent from Sainsbury’s, while continuing to provide FM services for its longest-serving client.
Over the last decade, Arcus has undergone substantial growth and says this new influx of capital will be used to build on this momentum and enhance its development in technology, training and innovation.
Majority shareowners Chris Green and Steve Willis will continue to lead the firm through its next phase of growth, in partnership with ESO Capital.
Chris Green, Chief Executive Officer, will oversee the operational part of the business and Steve Willis will take on the role of Chief Strategy Officer, overseeing the implementation of the business strategy across the organisation.
Having delivered on his ambition to bring new investment into the business, Neil Pearce, Chief Financial Officer will move onto pastures new and we will be succeeded by Paul Knight, from AIA Worldwide, who will join Arcus as the new CFO.
Green commented: “This is a very exciting time for Arcus. Our company is growing rapidly so it was important for us to join forces with a reliable investor who shares our long-term vision, and this partnership will allow us to accelerate our expansion within the FM industry.”
David Steel, Director, ESO Capital, said: “At over £150 million of revenues and growing at an impressive rate, Arcus is already a very successful business led by an experienced management team.
“We are particularly impressed with the Arcus technology, especially the Helix integration platform, which has been specially developed in-house over a number of years.
“Given our experience in supporting high growth companies, we see considerable opportunity for ESO Capital to support the management team of Arcus as it looks to build its market share in this very interesting sector.”
The UK-based organisation will continue to develop its long-term relationship with Sainsbury’s and together, the companies now embark on their next strategy phase.
Arcus currently provides facilities management and technology-led solutions for clients in retail, logistics and public sector across the UK.
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