KBS Corporate Completes Sale of Reach Personal Injury Services Limited
Based in North Yorkshire, Reach Personal Injury Services Limited is a home and community-based rehabilitation service provider for patients with all levels of traumatic brain injuries. The company was established in 1994 and over the years has developed an enviable client base of well-established, reliable blue-chip companies.
The shareholders of Reach Personal Injury Services Limited, Heather Batey and Philip Feldman, approached KBS Corporate with the sale of their business in order to facilitate one of the shareholder’s retirement plans.
The opportunity attracted a wide range of interest and KBS Corporate was able to identify 23 interested parties. KBS Corporate was able to utilise this interest to generate three competing offers. The ultimate offer came from FL360 Limited, trading as handl Group, a UK trade buyer who is currently pursuing a growth via acquisition strategy. The acquisition marks handl Group’s seventh since 2019.
Reach Personal Injury Services Ltd Managing Director, Heather Batey, said: “At Reach we believe that people who have experienced traumatic brain injuries deserve every possible chance to lead a normal life and re-acquire the kind of skills that many of us take for granted every day.
“After 27 years, I wanted to build the next step for the business. Graham shares my view of the opportunity for Reach, and I strongly believe that our joining handl Group will enable us to move forward so that the people we help have access to ever better rehabilitation.”
“handl Group’s core focus of people and technology working hand in hand fits our own business philosophy, and my expectation is that aligning Reach to the various brands within handl will enable us to significantly broaden our customer base, both within the insurance sector but also into other parts of the healthcare market.”
handl Group Chief Executive Officer, Graham Pulford, commented: “Reach represents a great addition to our portfolio of complementary businesses that together provide a wide range of solutions to the insurance and legal sectors.
“Reach’s experience and expertise ensure that people who have had the worst kind of injuries have the best possible opportunity to improve and restore their quality of life.
“I am confident Reach will make a very valuable contribution to handl’s aims and aspirations, and we’re looking forward to working with Heather (Batey) and her team as they continue to develop their services in the future.”
Andrew Dodd Corporate Director at KBS Corporate advised Reach Personal Injury Services Limited throughout the process.
Heather Batey will remain with the company post completion.