Premier Support Services in multi-million pound MBO

National property management and company, Premier Assistance Services LTD, has obtained a multi-million pound investment from Frontier Development Capital (FDC) to facilitate a management buyout (MBO) by its management team.

The investment from FDC is section of a deal to aid the buyout at Premier Assistance Services Ltd, viewing the incumbent Controlling Director, Andrew Walker, learning to be a majority shareholder alongside management team: Martin Holt, Danielle Parker and Tom Chatwin.

Headquartered in Birmingham, Premier Assistance Services offers  commercial cleaning, building maintenance and security services . Following MBO, the firm is defined to pursue new organic growth and strategic acquisitive growth within the house management sector.

Premier Assistance Services operates on a national level, with offices in Bristol, Leeds, Manchester, Edinburgh, and London. Its 1,600 employees deliver an easy selection of facilities services to over 1,000 commercial properties.

The firm presently holds a multi-sector client portfolio, which includes Savills, Whitbread and the National College for Advanced Infrastructure and Transport.

Andrew Walker, Handling Director at Premier Assistance Services, commented: “Our dedicated Premier Folks are the core of our company and are passionate concerning the services we supply to our customers through the entire UK. These past 1 . 5 years has noticed the business enterprise diversify its service offering – working collaboratively with this customers to provide a flexible, reliable and professional service, subsequently allowing our customers the proper time to concentrate on their core business through the pandemic. 

“FDC worked closely around to structure an investment that’s right for our company and its customers. It’ll enable us to keep to purchase innovative solutions and help our Premier visitors to continue to ‘Create a difference’.

“We wish to thank both our customers and our Premier Individuals because of their continued commitment and assistance, permitting our Premier community to flourish.”

Simon Kelsall, Investment Director at Frontier Development Capital, commented: “FDC will be backing an ambitious management team within their buyout of Premier and appears forward to dealing with them to provide the exciting plans they have established out for the business enterprise. 

“The final 1 . 5 years have elevated the significance of cleaning within both office and leisure environments. Premier offers reacted well to the, at the forefront in the sector’s reaction to Covid-19 and presenting new service lines that address the precise concerns of individual customers.”

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