The management team at national property maintenance provider Facilities Services Group (FSG) has successfully completed a management buyout of the business from Spice Limited.
Online PR News – 25-February-2011 – – The buyout has been led by David Simons, the Chairman of FSG and the company’s Managing Director, George Lilley, with the support of NBGI Private Equity, a leading UK and European private equity firm.
FSG specialises in integrated facilities management services across the retail, leisure and property sectors and was formed as a brand in 2008 through the merger of leading retail and leisure companies including Circle Britannia, Serviceline and Atlanta Facilities.
From its head office at Aylesbury in Buckinghamshire FSG provides a nationwide service including reactive maintenance, compliance and managed services solutions.
The company’s service is delivered by 250 directly employed tradespeople and backed up by 20 field service managers.
George Lilley said: “FSG Group was non core to Spice’s ongoing operations. This deal represents a marvelous opportunity for us. We have great confidence in the business and its people and are well-positioned for future growth.”
David Simons added: “We are delighted to have completed this transaction. The management team at FSG has a strong understanding of our customers’ needs and the many strengths that exist within our business. With the support of our funder, the MBO allows us to invest in developing our services even further.”
David Simons and George Lilley are seasoned facilities management professionals with a combined 44 years’ experience with companies including GSH Group, WS Atkins, Broadgate Estates and Middleton Maintenance.
Find out more about FSG Group at www.facilities-services-group.co.uk
Notes To Editors
Facilities Services Group is a market leader in the integrated approach to facilities management services.
FSG’s planned approach to service delivery provides an industry leading standard in value for money, and when combined with FSG’s energy management package, allows the monitoring, reporting and driving down of clients’ property ownership costs.
FSG has its head office in Aylesbury, Buckinghamshire,
To ensure a tailored, targeted and effective service across Britain, it employs 250 directly employed operatives/tradespeople – backed up by 20 field service managers.
FSG is a member of HVCA, Gas Safe Register, NICEIC, BIFM, REFCOM, BAFE and holds the environmental standard ISO 14001 and the quality standard ISO 9001.
Facilities Services Group
42 Buckingham Street
Tel 0844 9802 500
Press release issued by Jane Shepherd, Shepherd PR Limited.
01538 308685 and 01538 308099
email@example.com or firstname.lastname@example.org