海角视频 workplace and property management business Bellrock has been sold to a company connected to private investment advisory firm Sun European Partners.
Sun European said one of its affiliates had bought the Leicester-based property management firm for an undisclosed sum.
Bellrock is a big 海角视频 provider of property services with more than 1,000 property and facilities staff based at 75 sites across the 海角视频 working on behalf of its clients.
It works with more than 2,000 carefully selected supply chain partners.
Sun European said Bellrock’s revenues had quadrupled to more than £160 million over the past eight years, partly through the acquisition of 11 add-on companies.
The acquisitions, it said, had deepened its “technology offering in addition to building scale, depth in new sectors and geographic reach”.
It said: “This transformation is underpinned by decades of experience and continuous investment in its technology platform Concerto, putting Bellrock in a strong position to capitalise on estate digitisation and future trends in the facilities management and property markets.”
Paul Daccus, managing director of Sun European Partners, said: “We are very excited to be partnering with Bellrock and continue its excellent track record of organic growth as well as its buy and build strategy.
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“They have a highly experienced management team with a proven track record of integrating acquisitions and gaining market share through their proprietary software offering.
“We look forward to partnering with the team as they transition to their next phase of growth.”
Bellrock chief executive David Smith said: “We are very excited to be partnering with Sun European, which gives us the opportunity for accelerated investment, focusing on key market challenges around sustainability and carbon net zero, whilst continuing our investment in disruptive technologies such as advanced automation and analytics.
“Sun European has an excellent track record of driving growth within its portfolio companies, leveraging its operational experience to support defensible businesses, which makes them the ideal partner for us.
“Our management team are fully committed to and excited about the next stage of our journey and working with Sun European to realise the full potential of the business.”
Sun European Partners said that since 1995 its affiliates had invested in more than 425 companies worldwide with revenues of more than €40 billion across a broad range of industries and transaction structures, including business services, consumer, healthcare, industrial and tech.
It has offices in London and affiliates with offices in Boca Raton, Los Angeles, and New York.
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