Seller

Acquired by

buyer

Rickitt Mitchell advises on the sale of AM Services Group to Pinnacle Group

- Exit deal

- October 2021

- Value: Undisclosed

Competitive international sales process with significant interest from trade and private equity buyers

Achieved a strong overall valuation including significant day 1 cash out for shareholders

Negotiation of attractive deal with an acquirer that shares AM Services' people focused ethos

Client Background

AM Services is a leading soft facilities management provider that operates extensively across the North of England. AM has continued to significantly outpace market growth in recent years, delivering over £1.5m of EBITDA in 2021.

Its core offerings include; cleaning, security, specialist cleaning and catering. The shareholders of AM Services appointed Rickitt Mitchell to explore strategic options, including a potential sale.

Rickitt Mitchell advises on the sale of AM Services Group to Pinnacle Group
Rickitt Mitchell advises on the sale of AM Services Group to Pinnacle Group

The Outcome

AM’s strong growth and well invested operational model were key attractions to prospective buyers and investors. The process resulted in the sale of AM Services to private equity backed Pinnacle Group, a large facilities and property managed services provider. The deal saw the owner and majority shareholder cash out and exit the business in full, whilst the Managing Director and Commercial Director remained with the business to deliver further growth under new ownership.  

How we added value

We ran an extensive international trade sale process which was supplemented by private equity interest with a significant uplift from original offers being achieved. 

A buyer was selected that not only delivered a strong valuation, but also aligned closely with the same values and ethos as AM Services. Strong negotiation ensured the price was protected during diligence and a favourable position on free cash was agreed.

"The whole process from start to finish was professionally managed, resulting in my company achieving an exit multiple in excess of industry standards in our sector. I found Rickitt Mitchell had an extremely close eye on the detail, drove demand from multiple buyers and delivered impeccable communication throughout, resulting in a smooth outcome for all concerned. I would be more than happy to recommend RM should anyone be looking to engage with a Corporate Finance team."

 

- Adrian Cresswell | CEO & Owner | AM Services Group
Seller

Acquired by

buyer

Exit deal

Value: Undisclosed

Oct. 31, 2021

Seller

Joint Venture

buyer

Growth deal

Value: Undisclosed

Oct. 13, 2021

Seller

Acquired by

buyer

Exit deal

Value: £9m

Sept. 30, 2021

Seller

investment from

buyer

Exit deal

Value: Undisclosed

Feb. 28, 2021