BGIS, a leading provider of technically led facilities management services, has acquired Briggs & Forrester Building Services Maintenance (BSM), a division of Briggs & Forrester Group.
The acquisition of BSM, a well-established national Mechanical & Electrical building services maintenance provider, marks a significant milestone in BGIS’ commitment to providing best-in-class delivery within the UK.
The Corporate Finance team at Dow Schofield Watts in the Midlands, led by Ryan Shields and Fahim Kassam, advised Briggs & Forrester Group on the sale of BSM, working closely with lawyers from Howes Percival, led by Matthew Thompson. BGIS was advised by a legal team from RPC led by Jeremy Cunningham.
This acquisition will enable BGIS to strengthen its position further by offering an expansion of technical services to meet the evolving needs of its clients. BSM’s expertise in mobile, HVAC, combustion and specialist electrical services will enable BGIS to provide highly skilled technical capabilities across a broader geography.
Regarding the deal, Gary Bullen, UK President at BGIS, said: “BSM has a strong reputation of delivering quality national mobile and specialist services to its customers.
This acquisition is an exciting step forward for our commitment to our customers through the addition of 100+ highly capable, effective and responsive engineers with a strong support team”.
Paul Burton, Chairman & CEO of Briggs & Forrester Group, added: “The sale of BSM follows 5 years of strategic change in which BSM has grown significantly, providing a consistently high level of performance. Clear synergy was evident with BGIS, and we are mutually aligned with an employee-focused ethos. The sale provides BSM with new ownership and investment to move the business forward further, whilst Briggs & Forrester Group will concentrate on its core contracting activities across the UK, with a stronger balance sheet that will support investment within the Group”.
Commenting further on the deal, Ryan Shields, Partner at Dow Schofield Watts, said: “We are very proud to have advised on the successful sale of BSM to BGIS. From the outset, it was evident that there was a real cultural alignment between the two organisations and that BGIS’s global expertise and commitment to excellence made it the perfect new owner for BSM.
It has been a privilege to support this transaction, which highlights our expertise in the built environment sector. We look forward to seeing the combined group capitalise on its strengths to achieve even greater success in the future”.
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