Posted on Thursday 12 April 2012 by Ulster Business
Lewis McCallan, Senior Corporate Acquisition Manager at Northern Bank, and David Robinson, Managing Director of Robinson Services
Robinson Services, a business services firm that provides outsourced cleaning, security, laundry and hygiene facilities for public and private sector bodies, is the largest private support services business in Northern Ireland.
The acquisition, financed by Northern Bank, will bolster its workforce to 1500.
While the company did not disclose who the deal was with, sources close to the company said it had acquired the business from Belfast-based Resource Group.
Robinson Services’ clients already include some of the best-known businesses operating in Northern Ireland, including Tesco, Henderson Group and Premier Inn. Having posted 12 per cent growth in 2011, the firm is predicting a further 18 per cent growth in 2012.
David Robinson, Managing Director of Robinson Services, said that the deal was part of an ongoing strategy for growth and investment: “We’re convinced that we offer a best-in-class service and this expansion will support us in our ongoing plans for growth and continued export of our expertise across the UK. We already have an industry beating 97 per cent retention rate for customers but we’re determined to go even further.
“With the support of Northern Bank, we’ve been able to position ourselves to take advantage of unique opportunities to grow and deliver for even more customers.”
Wayne Horwood, Partner Horwood & Holmes Corporate Finance, who were lead advisor on the acquisition and the company's refinancing, added: “The diversity of the support services sector is creating opportunities for well-structured organic and acquisitive growth plans despite the backdrop of the challenging economic environment. Fundamental to any growth plan is a supportive bank. Northern Bank has demonstrated an eager willingness to provide finance for transactions and companies built on solid foundations with focussed management teams.”