The Camlee Group Advise on the acquisition of Eclipse Contract Cleaning by GBM Support Services

The Camlee Group, with a head office based in Sale in South Manchester, acted as lead advisors in the deal which was brought to a successful conclusion on Friday 20th June to the delight of Vendors Brian and Linda Murphy.
 
 
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July 3, 2014 - PRLog -- Founded in 1990 and employing more than 400 people, Scottish based Eclipse offers a comprehensive range of contract cleaning services to a diverse network of clients across Scotland including major property managers, government departments, prestigious retail centres, lawyers, manufacturing and service organisations.

The deal, the value of which has not been disclosed, will assist GBM’s Glasgow operation to increase its Scottish presence and grow business to around £10 million.

GBM provides cleaning, maintenance, waste and facilities management services. Formed in 1987, it employs over 2,000 members of staff and operates through 55 different locations throughout Scotland and the North of England, with an annual turnover in excess of £40 million. Both GBM and Eclipse have worked alongside each other on previous contracts, to provide integrated services for joint clients. The acquisition will allow GBM increased access to Eclipse’s expertise within the Scottish property management market.

Paul Thompson, Project Director at The Camlee Group, said “We were delighted with the significant level of interest in Eclipse right from the start of the process. GBM was an obvious option from when they first came to the table, particularly given the relationship that the two companies already had, having worked together on contracts previously. Our clients had confidence in the buyers and their ability to build upon different cross-selling opportunities to grow service provisions, whilst still maintaining the high quality standards that have become synonymous with Eclipse.”

Brian Murphy, Eclipse’s managing director is equally positive about the acquisition. “There is a natural fit between the two businesses” he commented. “We have a very similar vision about how we do business and we wanted to find a partner who would keep our values alive whilst moving forward and expanding the business further. I’m confident that combined business will be extremely successful and I’m looking forward to watching it go from strength to strength”.

GBM’s CEO, David Ford also believes that shared values will ensure the success of the acquisition: “Customer service and great staff relationships are integral to the success of both businesses. This, coupled with our complementary service offerings, made the acquisition a natural fit. I’m delighted with the outcome and look forward to seeing the business expand throughout Scotland.”

The Camlee Group (http://www.camleegroup.com/) is a corporate finance boutique based in Sale, South Manchester, offering a progressive, fresh-thinking approach to the sale of profitable owner-managed UK businesses. The company prides itself on its industry leading expertise and in offering strategic, customised solutions in all areas of cross border transactions across a broad range of sectors.

Media Contact
Ruth Morley
01618701560
ruthm@camleegroup.com
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Source:Eclipse Contract Cleaning
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Tags:The Camlee Group, Gbm, Acquisition, Deal
Industry:Business, Services
Location:Glasgow - United Kingdom
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