FMJ Facilities Management magazine providing industry-specific intelligence to FM and property professionals
Facilities and property provider Bellrock has secured new ownership from Sun European Partners, LLP a private investment advisory firm. According to the property and facilities management firm, the new partnership will enable Bellrock to capitalise on a unique and differentiated business model delivered through Concerto – the propriety and integrated technology platform.
David Smith, CEO Bellrock said: “We are very excited to be partnering with Sun European, giving us the opportunity to accelerate growth, focusing on key market challenges around sustainability and carbon net zero, whilst continuing our investment in disruptive technologies such as advanced automation and data analytics. Sun European has an excellent track record of driving growth within its portfolio companies, leveraging its operational experience to support defensible businesses which makes them the ideal partner for us.
During the previous ownership by Horizon Capital, Bellrock has seen its revenues quadruple to over £160m. In addition to organic growth, the acquisition of 11 add-on companies has built scale, depth in new sectors and geographic reach while broadening Bellrock’s capability set and adding strength to its technology offering. The transformation has been underpinned by continuous investment in Concerto, putting Bellrock in a great position to capitalise on estate digitisation and future trends in the FM and property market.
Continued Smith: “I would like to thank Horizon Capital, who through our journey together, have helped us deliver, expand, and evolve Bellrock into the market-leader it is today. We are proud to offer the FM market a differentiated proposition challenging the traditional low service FM delivery model.
“Our management team are fully committed and excited about the next stage of our journey and working with Sun European to realise the full potential of the business.”
Gerry Higgins, Chairman Bellrock said: “Witnessing Bellrock’s growth from a small retail focused Facilities Management provider into its present position as the UK’s leading holistic FM and property services business has been one of the highlights of my business career. With technology at its core and customer service firmly established in its DNA, the company is now uniquely positioned to benefit from the opportunities provided through this exciting partnership with Sun European.”
Said Paul Daccus, Managing Director, Sun European Partners. “We are very excited to be partnering with Bellrock and continue its excellent track record of organic growth as well as its buy and build strategy.” . “They have a highly experienced management team with a proven track record of integrating acquisitions and gaining market share through their proprietary software offering. We look forward to partnering with the team as they transition to their next phase of growth.”
