Bellrock acquires B38 Group Holdings Ltd
Horizon Capital backed Bellrock, the technology enabled provider of risk and compliance-centred estate management solutions, today announces the acquisition of B38 Group Holdings Ltd.
B38 provides a diversified mix of facilities management services across the UK with a strong presence in Northern England and the Midlands. Headquartered in Wakefield, B38 deepens Bellrock’s geographical coverage, increases its presence in the Food Retail and Student accommodation markets and extends Bellrock’s ability to self-deliver key service lines.
This acquisition of B38 is Bellrock’s eleventh over the last four years. It further enhances Bellrock’s growing reputation across the Facilities and Property market as a technology and compliance led alternative to traditional FM models.
David Smith, CEO, Bellrock said “I’m delighted to welcome the B38 team into our group. Adding significant new skills in property and facilities management, the acquisition further strengthens our growing footprint in Northern England. The acquisition comes on the back of recent high profile wins like the Legal and General contract and is further evidence that our model of risk and compliance centered estate management, delivered through our supplier agnostic technology platform Concerto, is the future for sophisticated and complex Facilities Management needs.”
Jeremy Hand, Horizon Capital Chairman said “Bellrock’s strong financial performance through COVID is testament to its value-adding operating model, supporting and enabling customers across sectors through highly challenging times. The acquisition of B38 is the eleventh by Bellrock over the past four years and is consistent with its clear strategy of accelerated growth both organically and via targeted M&A”.
For further information please contact Valerie Miller on 07712 868787.
About Horizon Capital
Horizon Capital is a private equity investor specialising in technology and business services. The firm was established by senior investment professionals who identified a significant market opportunity to invest in businesses in these sectors valued up to £50m.
The partnership prides itself on its approach to helping business owners and managers realise their ambitions. Buy and build is at the heart of every Horizon Capital investment and the firm is a market leader in supporting companies pursuing this strategy.
Horizon Capital has a proven track record in generating premium returns on its investments. The unprecedented growth it delivers in its portfolio companies has been underpinned by deep and long-term investor relationships that span two decades.
For further information please visit www.horizoncapital.co.uk or contact Jeremy Hand on +44 7899 064 657 or jh@horizoncapital.co.uk
