OCS Group ties up sale of facilities services division

OCS Group has finalised the transaction with global investment firm Clayton, Dubilier & Rice (CD&R) to sell off its facilities services division.

This follows the sale and purchase agreement announced in July 2022. 

CD&R has also made a binding offer to buy Atalian, the global FM business. Assuming that the Atalian deal is also agreed, OCS FS and Atalian will operate under a joint ownership structure.

Crawley-based OCS FS was founded in 1900, and has grown into an international facilities services provider, delivering mission-critical services to 20,000 clients and employing more than 68,000 staff.

John Hunter, OCS Group CEO said: “I am immensely proud of the OCS business transformation and growth of the OCS FS business that we have achieved over the last six years. Under CD&R’s ownership, with their reputation as a business builder and extensive experience in the facilities services space, the business is now well placed to further accelerate its strategic growth ambitions. CD&R is in an excellent position to invest to continue to enhance value propositions for customers, and future opportunities for colleagues."

OCS was advised by Lazard & Co. Ltd as sole financial adviser, and Travers Smith LLP as legal counsel.