Rickitt Mitchell advises on sale of Aston Services Group to Atlas FM Group

Rapidly growing soft-FM specialist Aston Services Group (“ASG”) has been acquired by the acquisitive Atlas FM Group, for an undisclosed sum.

Based in Leyland, Lancashire, ASG has grown by over 30% in the last 12 months to exceed £20m revenue. Over the past three years ASG undergone a significant transformation, with organic growth substantially increasing revenue and profits. Much of this growth is attributed to the expansion of its national blue-chip portfolio of clients, to which it provides high quality cleaning and security services.

Rickitt Mitchell advises on sale of Aston Services Group to Atlas FM Group

As a demonstrable example of its quality, ASG recently won a BACIL Award (Business Against Crime in Leeds) for best daytime security team. Its high-performance approach also centres on its own people. It is a Recognised Service Provider with the Living Wage Foundation and like Atlas has also signed the Armed Forces Covenant, as it employs many ex-service personnel and values them highly.

Atlas FM is the UK’s fastest-growing privately owned facilities management company and has been committed to quality, reliability and creating happiness for both staff and customers since 1986. Operating nationwide with 11,000 people at over 6,000 sites, Atlas has the same ethos and values at ASG, putting people first. It prides itself on having a great culture and values, characterised by a family feel and passionate people.

The transaction will strengthen Atlas’ existing security offering in the North and Midlands.

Kaine Smith, Partner at Rickitt Mitchell said: “ASG’s strong growth is testament to the investment and hard work made by its management team. Ian and Nick are fantastic leaders with great integrity and it has been a genuine pleasure to work alongside them on the transaction”.

Chris Wisely, Atlas Group CEO, said: “We see ASG as a regional leader with a reputation for quality. This grows our existing cleaning and security offering in the North and Midlands, and the warm and family-style culture of ASG fits nicely with our own.”

Rickitt Mitchell advises on sale of Aston Services Group to Atlas FM Group

Nick Atkinson, managing director of ASG, responded: “All of us at the Aston Services Group are very excited about the benefits this deal brings for both ourselves and the Atlas Group. From an Aston Services Group point of view, this new arrangement will certainly help us grow the company and offer an even brighter future for all our talented team. Atlas Group’s scale allows us to offer our high-quality services to even more prospective clients right across the UK.”

ASG were advised by Kaine Smith & Naomi Hill of Rickitt Mitchell (Lead advisor) and Rob Loveday of LLM (legals)

“From the outset I have found the whole process of working with Kaine and the team very informative, constructive and fully transparent and would therefore have no hesitation in recommending them as corporate advisors. Thank you both to Kaine and Naomi for bringing the deal to its conclusion and for all the work that you've put in”.

Nick Atkinson | Managing Director | Aston Services Group