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MBO announced for FM service provider

03 September 2018

Successful completion of a management buyout operation (MBO) for Orbis Protect has been announced

No financial details have been released, although it has been stated that NorthEdge Capital chief operating officer Ben Howard has "taken a significant majority stake in the business", according to a number of media reports.

Orbis Protect chief executive Guy Other led the MBO and was quoted as saying it signalled a "new phase of growth and product development" for the company.

"I believe NorthEdge will be ideal partners sharing and supporting our goal to become recognised as market leaders in all the key sectors we serve," he said.

Employing more than 400 staff, Orbis Protect provides vacant property management and lone worker protection services to both public and private sector clients around the UK.

As a result of the MBO, NorthEdge head of Midlands Rob Freer will join the Orbis Protect board of directors in a non-executive capacity.

He also stated that there was "particularly strong potential" to increase its social housing, commercial services and lone worker protection operations.

With headquarters in Uxbridge, the Orbis Protect senior management team is based in the Midlands, which is an area of particular importance for the business.

The company also has depots around the UK, including Seaham, Port Sunlight, St Helens, Bromborough, Swinton, Horbury, Birmingham, Cardiff, Bristol, Dartford, Belfast and Glasgow.

A number of financial, insurance and legal services were provided to complete the MBO from companies including Deloitte, Browne Jacobson, BDO, Teneo, PwC, SRS, Marsh and RSM.

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