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£4.5m deal secures purchase of Elite Cleaning

24 April 2017

Tenon FM has purchased Elite Cleaning & Environmental Services in a deal worth around £4.5m.

Announced earlier today, the news comes less than a month after O&G rebranded to Tenon FM and is part of its plan to continue its expansion on a global basis.

Within its rebranding announcement, the company stated that it planned to grow through both acquisition and organic expansion.

Tenon FM chief executive Tim Hancock said the purchase "simply makes our business better".

"It gives more geographic reach, adds some great skill sets for us to build upon that makes Tenon FM more attractive to new customers and moves us toward becoming an integrated FM service provider," he said.

Elite Cleaning's customers include ITV, BMW, European Development Bank, Dorset and Wilts Fire Services and a number of schools, colleges, medical centres and surgeries.

Employing approximately 1,000 people, there are no plans for redundancies within Elite Cleaning following the change of ownership.

Founder Gerry McGrath will also continue his involvement with the company.

"This a great deal for everyone at Elite and Tenon FM," said Mr McGrath, who said he was impressed "straightaway with the very open and direct manner of the Tenon FM team".

He further emphasised the commercial and cultural synergy between the companies and their teams and said the future holds "an exciting time for us all".

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