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.

Extended service offering results from purchase of Cooltech

18 October 2021

Ecoserv has announced it has purchased the Cooltech Environmental Engineering business in a deal worth £3.5m.

It is the first acquisition completion since the company rebranded from Ecocleen to Ecoserv and announced its intention to become a multi-service FM business.

Cooltech Environmental Engineering is a provider of mechanical, electrical, HVAC and water hygiene services to wide range of clients, some of whom are the UK's leading property managing agents.

It was formed in 1992 and has a turnover of £7.5m, employing 40 people to a provide both on-site and mobile engineers around the M25 area to commercial residential, office retail and hospitality.

Chief operating officer Francois Oosthuizen said: "The acquisition will allow us to diversity as part of our ambitious growth strategy, with the aim of delivering integrated FM solutions to new and existing customers nationwide."

He further explained that the Cooltech maintenance expertise will complement the Ecoserve cleaning operation, "so this development represents a huge opportunity and a significant step-change for the business".

Ecoserv chief executive officer Jean-Henri Beukes confirmed his company's commitment to increasing its FM capabilities and geographic reach through acquisition and investing in its existing infrastructure.

"This latest deal will take our annualised turnover to over £40m by hear end and represents a key part of our transformation into a multi-discipline FM company," he said.

Funding for the deal was secured from UK-based asset manager BOOST&CO, which specialises in lending to high-growth SME businesses.


Print this page | E-mail this page

https://www.fsifm.com
https://www.floorbrite.co.uk/


MOST VIEWED...

View more articles
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 r...
Article image

Zero carbon increasingly influencing contractual agreements

With the UK continuing to increase its efforts to achieve net zero carbon emissions by 2050, these efforts can be seen to be increasing their influence on ...
Article image

PFM Partnership Awards 2021 winners

Last night saw the first live presentation of the PFM Partnership Awards since 2019 and the evening was hailed as a great success....
Article image

Global standard for reporting of carbon emissions in buildings published

Launch of the International Cost Management Standard (ICMS3) universal standard for the reporting of carbon emissions resulting from the construction and l...
Article image

Duty of care for home workers update issued by HSE

Employees working from home are entitled to the same duty of care from employers as they would be if working from a company-owned or run facility, says the...

Benchmarking maintenance

BSRIA has just published this year's operation and maintenance benchmarking report as a guide for building operators to evaluate their performance against ...
https://www.uhubglobal.com/
http://edition.pagesuite-professional.co.uk/Launch.aspx?PBID=78915b1c-0f11-4b5e-9468-ba601ad89761