KBS Corporate Advises on the Acquisition of Commercial Maintenance Services UK
Commercial Maintenance Services UK specialise in the installation, maintenance and repair of business-critical systems including heating and plumbing. The company was established in 2000, and over the years has seen considerable growth.
The shareholders of Commercial Maintenance Services UK, Nic Smith and Neil Smith, approached KBS Corporate with the sale of their business in to enable further growth. The opportunity proved highly popular with the successful offer coming from Newable Capital.
Nic Smith, Managing Director at Commercial Maintenance Services UK said: “Over the past 22 years, CMS has proved itself to be agile and resilient, responding to changing demands and developing new opportunities, and we are delighted to welcome the investment from Newable that will support the continued growth of the business.”
Peter Barrand, Managing Director at Newable Capital, added: “We have been hugely impressed by the business that Nic and Neil have built and the continued growth they have experienced over the last 20 years. Our aim is to leverage the resources of Newable to support CMS’ journey as we cement their leading position in the market. We look forward to working with the whole team at CMS in a very exciting time for the business.
“For Newable Capital, this represents another strategic investment in successful businesses working at the heart of the UK economy.”
Tom Eatough, Associate Corporate Director at KBS Corporate, advised Commercial Maintenance Services UK.