This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

Senior team completes Management Buyout of the Axis Group of Companies

13 November 2015

Senior executives of the Axis Group of Companies, led by Group Chief Executive Jonathan Levine, have completed a Management Buyout (MBO) of the business from the Private Equity firm, Sovereign Capital

Jonathan, along with Simon Giles, the Group Finance Director, David Mundell, the Managing Director of Axis Security, and Group Chairman, Roger Burdett, will now wholly own and manage the business. The business also includes: its cleaning and support services company; specialist front-of-house division Acuity; and Astute, its training and consultancy business.
 
Jonathan and his team have grown the company to become a services group that now turns over c£87 million; in the last three years alone the company has grown by more than 50 percent.
 
“Sovereign has been incredibly supportive throughout,” Jonathan says, “and an MBO is a ‘win win’ for all concerned, especially our clients who have the certainty of our commitment as a senior and experienced management team with a proven track record.
 
“It is an excellent time to be leading a strong and successful group, and we continue to invest for the future,” he continues. “There is a strong market for both security and cleaning services and we have a dedicated management team that is now capable of taking the group to the next stage in its development.”
 
The management team has been involved with successful Private Equity-backed businesses in the past.
 
“With the support of our clients, and our highly talented colleagues, we will continue to build on our quality service that is proven and credited to be ‘best in class’,” he concludes.


Contact Details and Archive...

Print this page | E-mail this page

MOST VIEWED...


Article image Why the Law Says You Need a Nappy Bin Disposal Service

At home, parents are used to disposing of their babies’ used nappies the same way they do any other domestic waste - bagging it up and sticking it in the rubbish for general collection.Full Story...

Article image Supply chain business owner speaks out on anniversary of Carillion collapse

Owner of Johnson Bros (Oldham) Neil Skinner has spoken of the severe difficulties experienced by his company through working with Carillion on the anniversary of the company’s collapse.Full Story...

Momentum increases to improve supply chain payment

The Cleaning Show Adds More Sparkle With Major FM Names For 2019

Payment concerns continue after Carillion failure anniversary

http://www.fsifm.comhttps://www.pickfords.co.uk/moving-your-businesshttps://cleaningshow.co.uk/londonhttps://www.daikinapplied.uk/servicehttps://www.plantdesigns.co.uk/