Cordant Services acquires UKFM
10 March 2015
Cordant Services, which provides cleaning, security, technical projects and specialist cleaning services, has acquired part of UKFM Group
The acquisition will see the transfer of two specialist air conditioning businesses Thermotech Engineering Services and G8 Environmental Solutions, to Cordant Services to further support its Technical Projects Division and enhance its HVAC engineering capacity.
This will enable Cordant Services to self deliver technical project services via its Cordant Technical division. Around 60 staff will be moving to Cordant Services via TUPE, and the existing management team across the two businesses will remain, with MD Darren Abernethy tasked with delivering a long term growth plan.
The continuity of management will help to ensure a smooth transition and existing UKFM contracts will be unaffected by the acquisition. However Cordant Services will be able to offer current UKFM customers further options to benefit from its wide portfolio of services.
The two companies will retain the UKFM identity for a short period but will then be integrated into Cordant Technical. Service standards for existing and future UKFM customers will be improved as a result of Cordant Service’s focus on open book accounting and investment in innovative technology, for example data transfer from engineers’ mobile handsets.
Chris Kenneally, Chief Executive of Cordant Services, said: “This acquisition represents the next stage of our strategy to expand our service line capability and become the UK’s leading facilities services business.”