Harrogate-based mechanical and electrical engineering company Robinsons M&E has been sold to national facilities management business First Response Group, creating a £25m turnover group.
Robinsons M&E was established in 1963 and specialises in commercial boiler, air conditioning and electrical installation.
The company has been acquired by First Response Group, a ‘soft’ facilities management company led by owners Jamal Tahlil and Edgar Chibaka, which was founded in Leeds in 2007. The business now has a £15m turnover and eight branches nationwide including London and Cardiff.
Both the buyers and the vendors were advised by separate corporate finance teams at Yorkshire accountancy firm Garbutt + Elliott. Acting on behalf of Robinsons M&E from the practice’s Leeds office, partner Richard Feltham assisted managing director Luke Kitchen to exit the business by securing a swift and substantial sale, while also safeguarding the future of the business.
Commenting on the sale, Luke said: “Richard at Garbutt + Elliott instantly saw real value in the business that we hadn’t recognised even as its owners. The firm was a great cultural fit and their advice helped us recognise Robinsons M&E as a valuable and saleable business and, most importantly, complete the deal.
“We were looking for a buyer that understood the company’s 50-year history and had the vision and ambition for its future. First Response Group was that perfect match, as its owners share the same ethos of client service and employee care.”
Advising from Garbutt + Elliott’s York office, partner Tony Farmer has enabled First Response Group to accelerate its growth as part of a 10-year business strategy, by acquiring a complementary business that enables it to offer integrated soft and hard facilities management to clients.
Commenting on the deal, First Response Group’s Edgar Chibaka said: “This acquisition brings all of the benefits of a complementary business, with Robinson M&E’s excellent track record in hard facilities management, outstanding client service and highly qualified staff. It will instantly accelerate our growth plans beyond soft facilities management, giving us a very credible offer to a broader range of clients.”
Legal advice was provided on the deal by Angela Cashin of Schofield Sweeney (sellers) and Matthew Smith of Andrew Jacksons (FRG).
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