The MHA Corporate Finance team is pleased to announce its role as lead adviser to the shareholders of Salisbury Group on its sale to Atlas FM forming a £160m revenue national total FM player.
Salisbury was founded in 2013 as the dedicated facilities services arm of a commercial property company and has since grown into an award-winning national operator with a diverse customer base, historical revenues exceeding £50m, and excellent prospects following two record years in which it secured over £30m of new contracts.
MHA Corporate Finance was engaged by the shareholders to advise its board on the development and delivery of a strategy for Salisbury’s disposal.
Established 35 years ago, Atlas has evolved from a local cleaning specialist to become one of the fastest-growing nationwide facilities and support services operators in the UK. Atlas remains privately owned and its management team prides itself on a strong vision and values, characterised by a family feel and highly motivated personnel.
With the addition of Salisbury, Atlas will be a £160m revenue company that employs 8,500 people at over 6,000 sites around the country marrying Atlas’ renowned cleaning and security services with Salisbury’s facilities management and hard services expertise to create an enhanced end-to-end ‘total FM’ offering. A strong cultural alignment and a shared customer-focused ethos exists between the companies, and this was a major driver for the successful acquisition.
