NorthEdge Capital has invested for a significant majority stake in facilities management company Orbis Protect, backing an management buyout (MBO) with the existing management team led by CEO, Guy Other and COO, Ben Howard.
Headquartered in Uxbridge, with an extensive national depot network including a significant presence in the Midlands with the senior management team based there, the company employs over 400 staff who provide a range of vacant property management and lone worker protection services to clients throughout the UK.
The business works with local authorities and housing associations as well as major commercial organisations, including retail chains and commercial property managers, to secure 30,000 void properties, protect 25,000 lone workers annually and provide property and inspection services to a further 60,000 properties.
NorthEdge’s investment will allow Orbis Protect to build on its strong platform and excellent market position in both the social housing and commercial sectors and continue its revenue growth profile in both core and new product areas.
The deal was led by NorthEdge’s Rob Freer, Head of Midlands and Andy Skinner, Investment Director with support from Kevin O’Loughlin, Phil Frame and Dan Matkin. Rob Freer will join the board in a non-executive capacity.
Guy Other, CEO at Orbis Protect, said: “Orbis is entering a significant new phase of growth and product development, building on a great reputation and supported by dedicated colleagues. I believe NorthEdge will be ideal partners sharing and supporting our goal to become recognised as market leaders in all the key sectors we serve.”
Rob Freer, Head of Midlands at NorthEdge Capital, said: “We are delighted to support Guy and the existing management team at Orbis Protect with this investment. Having developed a broad range of social housing and commercial services and an exciting offer in terms of its lone worker protection service, the company has become a leading player with the potential to grow further.
“There is particularly strong potential in the company’s commercial proposition with more product development to come, and we are confident that the team can continue the excellent progress made in recent years, to cement the business’ reputation as a true market leader.”
A team of Midlands advisers worked on the transaction. Deloitte (Darren Boocock, Nick Carr, Mike Craven)(Corporate Finance), Browne Jacobson (Gavin Cummings, Michael Stace, Charlotte Cannell, Emma Hinton)(Legal), BDO (Financial Due Diligence), Teneo (Commercial Due Diligence), PwC (Tax), KPMG (IT), SRS (Management) and Marsh (Insurance) advised NorthEdge Capital. RSM (Rob Donaldson) advised the Vendor.