To support the next stage of its strategic growth plans, Orbis Protect, a provider of vacant property services, site security and people protection services to the public and private sector has completed a strategic management buy-out (MBO) with investment partners Synova and NorthEdge Capital to further position the company for major growth across its security and property services.
The agreement, completed on 14 June 2021 will see current COO Ben Howard take on the role of CEO supported by the existing management team and backed by growth equity investor, Synova and existing investment partner, NorthEdge Capital.
Ben Howard, CEO, Orbis Protect said: “This is a hugely exciting milestone for Orbis, we work with a wide range of organisations providing a full range of property services from cleaning and clearing, to infection control, pest control and security solutions for vacant properties. Our partnership with Synova and NorthEdge Capital provides us with the opportunity to invest in new smart technology solutions, grow the business nationally and international and most importantly, provide our customers with innovative solutions quickly and at scale.”
Kevin O’Loughlin, Investment Director at NorthEdge, said: “It has been great working alongside Guy and Ben over the last three years. They understand how to run a business well, recognise the importance of their people, and have consistently traded ahead of plan. They, alongside the rest of the management team, have worked incredibly hard and I’m looking forward to seeing the business continue to grow over the coming years.
“With significant future growth prospects, through European expansion and strategic acquisitions, finding the right investor was critical for Orbis. Synova’s experience means they are the ideal partner to support the business on its next phase of growth and we are excited to remain part of the journey.”
Alex Bowden, Partner at Synova said: “We are delighted to be partnering with the team at Orbis, as well as NorthEdge. The business has an enviable position in the UK market place, delivering exceptional quality and service delivery to its client base. We look forward to supporting Ben and the wider management team with the continued investment in people, technology and delivery of an ambitious M&A strategy.”