The founders of The Quarr Group have agreed a Management Buy Out (MBO) with the directors of its three subsidiaries: Pabulum, Mountjoy and Nviro.The companies specialise in contract catering, building maintenance and construction and contract cleaning respectively.
Operating for over 25 years, The Quarr Group provides first-class services for a range of clients, including schools, academies, colleges, universities, local authorities, healthcare bodies, social housing providers and commercial businesses.
The MBO was supported by a finance facility agreed with long-term banking partners, HSBC.
Anthony Reed, HSBC’s Area Director for Hampshire and Dorset, said, “We have been a banking partner of The Quarr Group for more than 10 years and in that time, we’ve seen the business go from strength to strength. We look forward to continuing our valued, long term relationship with The Quarr Group as they move forward with this exciting new phase of growth.”
The MBO team involves all the executive directors from the subsidiary companies and was led by the three Managing Directors; Nelson Williams - Managing Director of Pabulum, Simon Ingram - Managing Director of Mountjoy and Brian Warren - Managing Director of Nviro,.
Williams said, 'We are absolutely thrilled to have acquired The Quarr Group. We believe with the right investment in our people we can further develop our already excellent proposition. Pabulum Mountjoy and Nviro’s shared desire is to enhance the customer experience and be recognised as leading partners in our respective industries.
'Our values will remain as the cornerstone of our business. Working with our great people we aim to deliver sustainable growth over the coming years whilst maintaining the high standards of service delivery our clients have come to expect.'
There will be no change to the existing staffing or management structure of the group which has an annual turnover in excess of £70m and employs over 3,000 staff across London and the south of England.
