Chapco on acquisition trail after £5m investment
Lutterworth-based Chapco Group has announced the acquisition of 24Seven Group Holdings. Private equity-backed Chapco, a provider of facilities management (FM) projects, has bought the Livingston-based company two months after a £5m investment in Chapco by Next Wave Partners.
Chapco also provides IT support, infrastructure and telecommunications services.
Founded in 2002 by brothers Kerr and Colin Wilson, 24Seven has experienced growth in the past few years. The group also includes 1A Emergency services, a building maintenance provider operating in the domestic and commercial markets throughout Scotland.
The acquisition means Colin Wilson will be retained within the business and promoted to group facilities management director, through which he will take responsibility for all of the company’s FM business.
Chapco chief executive Richard Chapman said: “We are all delighted with the acquisition of 24Seven as part of our strategy to develop Chapco as a nationwide facilities management business supporting blue chip clients for both reactive and planned maintenance programmes.
"We will harness the best of both Chapco and 24Seven to take our service to higher and more efficient levels - this is great news for all of our existing clients.”
Wilson added: “We have been working with the management team from Chapco for over a year and it is our shared commitment to customer service, exploring added value solutions and the professionalism of the directly employed multi skilled workforce that has convinced me that this is the best way forward, not only for 24Seven but our clients too.
"This sees our access to in-house skilled labour increase dramatically and also adds to our established service partner network.”
Alan Curtis, Chapco Group non-executive chairman, said: “This is a fantastic move for us and straight after securing major investment in the company. The whole management team has pulled together to make sure that we have completed a deal that not only firmly puts us on the map as a national facilities management service provider but also adds value to both the IT and infrastructure elements of our business.
"This continues our strategic plan to grow our business and the services we offer both organically and by acquisition”.
