The Stevens & Bolton corporate team has advised the shareholders of Accuro Group Holdings Ltd, on its acquisition by OCS Group UK Ltd, a leading international facilities management services provider with over 150 years of combined experience under the OCS Group brand.
Founded in 2005, Accuro is a provider of high-quality facilities management services to clients across the Midlands, East Anglia and the North of England. It holds a portfolio of successful, long-term contracts mostly within the healthcare sector. More recently, Accuro has diversified into the education sector with a focus on cleaning services.
For Accuro, this deal provides an exciting opportunity for further growth and development. The integration with OCS will create new opportunities for Accuro's team, paving the way for expanded capabilities and enhanced service offerings. Furthermore, Accuro and OCS share a similar culture and are both driven by a desire to provide the highest quality of service to customers. This alignment in values and commitment to excellence makes the deal a positive fit for both companies.
Given the sector focus and its reputation, the acquisition of Accuro Group is a natural progression for the OCS Group following its own recent merger with the Atalian Servest Group, which have now been combined under the same brand. The merged brand, being OCS Group, has an annual turnover in excess of £2bn, operating across 26 countries with over 130,000 employees worldwide. Joining the OCS Group will help to boost the future capabilities of the Accuro Group and will support its further expansion in the education and healthcare sectors.
Nigel Prothero, founder and CEO of Accuro, commented: “Stevens & Bolton have been our Corporate legal partners for many years. Richard Baxter and his team have always provided commercial and constructive advice in a very professional manner, and we are fortunate to have had their support for many years and throughout the sales process.“
Stevens & Bolton’s Richard Baxter added: “We have very much enjoyed working with Nigel and his colleagues for many years, seeing Accuro go from strength to strength. This transaction represents an excellent outcome for the shareholders and positions Accuro strongly for the future as part of the OCS Group. Many congratulations to all involved.”
The Stevens & Bolton team was led by Richard Baxter with support from Rebecca Minear, Edward Cummings and Ulugbek Gomes Pessoa (corporate), Jeremy Kelly (regulatory), Sarah Cardew (tax) and Andy Williams and Chelsea Feeney (employment and pensions).
Richard Baxter