Acquired by
- 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
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.
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.
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."
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