Leicester-based Precision FM has acquired commercial roofing contractor Internal Xternal Solutions to expand its commercial maintenance service division.
The takeover expands Precision FM’s roofing repair and maintenance service, which already forms part of the company’s existing FM portfolio, along with contract cleaning, hard FM, ground maintenance and security.
Founded in 2012, Precision FM manages more than 1,000 buildings across the UK and Ireland.
CEO Brij Thankey said: “Through this deal we’ve been able to bring the Internal Xternal Solutions team into the Precision FM family. We have a long working relationship with them and this acquisition will allow us to bring their wealth of knowledge and expertise within the commercial roofing sector to our comprehensive suite of FM services.
“We are pleased to be able to strengthen our offering and pass on the cost savings we achieve through consolidation of our services to our customers.”
He added that the deal guarantees continuity for existing clients. Internal Xternal Solutions’ staff will undergo a TUPE transfer to Precision FM. This will include the senior management team.
Thankey said the company had enjoyed a strong period of growth, despite the challenges of the past 18 months, which he believes is “down to the company ethos of ‘Nourishing Our Roots’, forming a culture where both their staff and client base can thrive”.