Management Buyout Could Preserve and Create Facilities Management Jobs

Plans to expand the range of services offered by a leading facilities management company following a management buyout could create new jobs in the sector. That’s the view of David Simons, the executive chairman of the Facilities Service Group (FSG).

NBGI Private Equity has recently backed the £9 million management buy-out of Facilities Services Group, preserving existing facilities management jobs and creating a platform for further business development.

Facilities Service Group ready to grow facilities management business

The Facilities Service Group is based in Buckinghamshire and the company provides a hard facilities management service (the physical maintenance of buildings and equipment) to companies in the leisure and retail sectors.

The management buyout was led by managing director George Lilley and executive chairman David Simons. The pair joined FSG in 2009 with the intention of leading a buyout of the company.

Mr Simons said: “The continued growth in outsourced facilities management, the appeal of our service offering and our strong management team put us in an excellent position to grow and develop our business.”

FSG’s range of facilities management services to be expanded

FSG was previously owned by Spice; a company which provides infrastructure support to the utilities industry. Spice, formerly listed on the London Stock Exchange, was taken private in December 2010 by investment firm Cinven.

NBGI Private Equity has taken a majority stake in the buyout. In addition, they are committing further capital to expand FSG’s range of services, according to a statement released by the company. The company plan to develop their range of services which, in turn, could lead to the creation of further facilities management jobs.