Bellrock Property & Facilities Management to partner with Sun European Partners, LLP to accelerate future growth.
Bellrock Property & Facilities Management Limited, a leading provider of specialist risk focused workplace & property management solutions in the UK, today announces that after a successful partnership with Horizon Capital, it has secured new ownership and backing from Sun European Partners, LLP (“Sun European”) to accelerate its potential for future growth.
Sun European is a leading private investment advisory firm that focuses on defensible businesses in growing markets with tangible improvement opportunities. Sun European’s focus on leading well performing businesses with strong management teams and good prospects will secure future growth for Bellrock. This exciting new partnership will enable Bellrock to capitalise on their unique and differentiated business model through its proprietary and integrated technology platform Concerto.
During Horizon Capital’s ownership, 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.
”We are very excited to be partnering with Sun European Partners, 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 Partners 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.
David SmithChief Executive Officer, Bellrock Property & Facilities Management
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 Capital to realise the full potential of the business.”
”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 Partners.
Gerry HigginsChairman, Bellrock Property & Facilities Management
Clear strategic insight coupled with supportive capital investment from Horizon Capital has enabled David and his team to build an innovative, market disrupter in the traditional property and FM sector.
I would like to thank our advisors Rothschild & Co, Travers Smith, Graph Strategy and KPMG for their support in helping make this transaction possible.
”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.
Paul DaccusManaging Director, Sun European Partners
About Bellrock Property & Facilities Management Limited
Bellrock Property and Facilities Management Ltd (Bellrock) is a technology-enabled business operating in the property and facilities management services sector. Its focus is on delivery of improved compliance, lower cost and increased quality for all sophisticated and complex organisations across the UK.
Bellrock’s team of more than 1,500 property and facilities professionals are located at 75 sites across the UK working on behalf of its clients with access to more than 2000 carefully selected supply chain partners.
Bellrock’s range of property and facilities management services are delivered through their business divisions; Workplace & Compliance, Technical & Real Estate and Maintenance & Engineering, all through our in-house market-leading Concerto software suite.
For further information please contact Valerie Miller on 07712 868787.
About Sun European Partners, LLP
Sun European Partners, LLP is a leading private investment advisory firm, focused on partnering with outstanding management teams to accelerate value creation. Since 1995, affiliates of Sun European have invested in more than 425 companies worldwide with revenues in excess of €40 billion across a broad range of industries and transaction structures. The Firm has built a reputation as a trusted partner, recognised for its operational experience. Sun European focuses on defensible businesses in growing markets with tangible performance improvement opportunities in the Business Services, Consumer, Healthcare, Industrial, and Technology sectors. Sun European Partners has offices in London and affiliates with offices in Boca Raton, Los Angeles, and New York.
Further information is available at www.suneuropeanpartners.com.
Media Contacts
Camarco
Julia Tilley / Monique Perks / Jennifer Renwick
07815 068 387 / 077805760271
SunEuropeanPartners@Camarco.co.uk
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 and transform them into market leaders.
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 more than two decades.
For more information please visit www.horizonpe.co.uk or contact Jeremy Hand on 07899 064657
