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New investment partnership for Pareto

Pareto FM has announced a new investment partnership with global asset and wealth management firm, Pictet, to further fuel business development and growth.

Pareto is a leading supplier of technical hard FM services to blue chip clients globally including Flutter, Deliveroo, London Zoo, King.com, Cross Country Trains and Amnesty International. Founded in 2014, Pareto has won multiple awards for service delivery and its ESG centric approach to innovation with a core focus on customer advocacy across technical services.

Over the last three years, following an early investment from NVM Private Equity, Pareto has strengthened its systems, processes, people, and governance. This has fostered an outstanding customer service ethos, promoting diversity within the organisation and driving significant growth both organically and through M&A. Today, Pareto is recognised as a competitive and differentiated force within the UK FM market.

Pareto says it is now ready to embark on the next phase of its growth journey with investment from Pictet. This investment will further enable Pareto to explore new technologies, in-house technical service delivery capabilities, geographies and complimentary value add service lines to support clients in even greater ways.

David Richards, CEO of Pareto, commented: “With our new investment partner, Pareto is committed to expanding its portfolio of esteemed clients and creating more amazing opportunities for our team members. The senior leadership team of Pareto are all as excited as I am as we embark on our next stage of growth. I would like to say a huge thank you to NVM for their investment, trust and guidance over the last three years. Furthermore, I am happy to announce that Andrew Hulbert will remain in his role as Vice Chair with a continued focus on enhancing our service offering and serving as a valuable brand ambassador for Pareto.”

Andrew Hulbert, Vice Chair and Founder, added: “Nine years ago we had the vision to create a technically led Facilities Management provider that would disrupt the market and be at the forefront of diversity and inclusion. Today, I am incredibly proud of what Pareto has achieved and am so excited for this next phase. Dave Richards has transformed Pareto since joining and with his competence, professionalism, governance focus and technical expertise he will continue to lead an incredible business. I’d like to extend my thanks to NVM and extend a warm welcome to Pictet. We look forward to changing the world together.”

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