Bellrock, the technology-enabled provider of risk and compliance-centred estate management solutions, today announced it has acquired B38 Group Holdings Ltd.
Wakefield-based B38 provides a diversified mix of facilities management services across the UK with a strong presence in Northern England and the Midlands. B38 adds to Bellrock’s geographical coverage, increases its presence in the food retail and student accommodation markets and extends the company’s ability to self-deliver key service lines.
This acquisition, backed by Horizon Capital, is Bellrock’s 11th over the past four years. Bellrock said the move enhances its growing reputation across the facilities and property market as a technology and compliance-led alternative to traditional FM models. Bellrock has a team of more than 1,000 property and facilities professionals at 75 sites across the UK.
David Smith, CEO, Bellrock, said the B38 team “adds 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 & General contract and is further evidence that our model of risk and compliance centred 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 … consistent with its clear strategy of accelerated growth both organically and via targeted M&A.”
Image credit | Bellrock