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Consultancy firm acquired in latest FM industry consolidation transaction

29 November 2018

Property consultancy service provider Naples Group has been acquired by Bellrock for an undisclosed sum, it was announced today.

The purchase includes the two divisions of Naples, including NIFES Consulting Group, based in Manchester and Glasgow, and Northampton-based The Oakleaf Group.

Consultancy services provided by the group include compliance, surveying, data collection and mechanical and electrical (M&E) design.

Following its acquisition, the group will operate within the Bellrock Technical & Real Estate and Workplace & Compliance divisions and will be led by Andrew Walker.

Its latest purchase marks the ninth acquisition completed by the company in just over two years, working with investor Horizon Capital.

Bellrock chief executive officer David Smith described said the company's latest deal would "bolster our current service offering nationally, for compliance-driven estate management.

"This acquisition will expand our in-house capability for condition surveys and specialist fire safety consultancy and M&E design and project management.

"The application of our Concerto software to analyse and interrogate performance will improve efficiencies and data analysis with cross referencing of valuable insights," said Mr Smith.

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