Horizon Capital backed Bellrock, the technology enabled provider of risk and compliance-centred estate management solutions, today announces the acquisition of B38 Group Holdings Ltd.
B38 provides a diversified mix of facilities management services across Northern England and the Midlands. Headquartered in Wakefield and employing 300, B38 deepens Bellrock’s geographical coverage, increases its presence in the Food Retail and Student accommodation markets and extends Bellrock’s ability to self-deliver key service lines.
This acquisition of B38 is Bellrock’s eleventh over the last four years. It further enhances Bellrock’s growing reputation across the Facilities and Property market as a technology and compliance led alternative to traditional FM models.
”“I’m delighted to welcome the B38 team into our group. Adding significant new skills in property and facilities management, the acquisition further strengthens our growing footprint in Northern England. The acquisition comes on the back of recent high profile wins like the Legal and General contract and is further evidence that our model of risk and compliance centered estate management, delivered through our supplier agnostic technology platform Concerto, is the future for sophisticated and complex Facilities Management needs.”
David SmithCEO, Bellrock
”“Bellrock’s strong financial performance through COVID is testament to its value-adding operating model, supporting and enabling customers across sectors through highly challenging times. The acquisition of B38 is the eleventh by Bellrock over the past four years and is consistent with its clear strategy of accelerated growth both organically and via targeted M&A."
Jeremy HandChairman, Horizon Capital
