Our Restructuring and Advisory Division advises on sale of Thames Valley Facilities Management Company to listed Polish FM Specialist
Adrian Howells and Richard Hill of our Restructuring and Advisory Division have advised the shareholders of UK-based PCB Technical Solutions Limited on its sale to Sescom, providing the Polish retail-focussed technical facilities management (TFM) specialist with a platform from which it will expand its UK operations.
PCB provides technical maintenance for retail, commercial and industrial facilities, as well as installation of HVAC and smoke control systems, predominantly for the retail industry, electronics manufacturers, as well as food producers, public institutions and main contractors.
Generating £10m of revenue in FY22, PCB is well-established and makes an ideal partner to deliver Sescom’s future UK growth. PCB’s extensive service network provides 24/7 nationwide coverage, servicing 345 facilities in cities across the UK.
The acquisition provides PCB and Sescom with the opportunity to cross-pollenate within an international client base and provides Sescom with a well-respected team to lead its UK offering. It will also enable PCB to offer new solutions to its clients, including energy cost optimisation and facility asset management.
Sławomir Halbryt, CEO of Sescom SA, explains: “At the end of 2022, we were maintaining over 40,000 facilities for over 60 international clients in 25 domestic markets. We have accumulated a wealth of experience but still did not have sufficient British resources to become a leading British FM services provider. For several years, we have been searching for a reliable local partner to strengthen our offering in the UK. We believe we have found that partner in PCB, which will lead to significant international growth.”
Our Restructuring and Advisory Division director and Corporate Finance specialist, Adrian Howells led the sales process on behalf of the shareholders and was supported by manager, Richard Hill. Our Restructuring and Advisory Division team undertook a strategic marketing process that identified Sescom as a strong fit to accelerate PCB’s growth and generate significant synergies, and then project managed the complex transaction through to completion. PCB is the second cross-border transaction for Adrian and Richard to complete in the past fortnight.
The Restructuring and Advisory Division team worked with Peter Woolley and Nouara Mokrane of Moorcrofts LLP to deliver the transaction.
PCB managing director, David Cooper said: “The PCB team has steadily grown to become one of the leading UK specialists in retail and commercial technical facilities management, providing our clients with a reliable partner to install and maintain their facilities. We’re really pleased to find a like-minded partner in Sescom, who will support us in our next phase of growth.”
Our Restructuring and Advisory Division Corporate Finance director Adrian Howells said: “It has been a genuine pleasure to work with Dave and his team to deliver the successful sale of PCB to Sescom. This was a complicated cross-border transaction, with multiple parties involved, which required careful management.
“PCB is well-regarded in its market, providing wide-ranging 24/7 support to its clients. This deal enables Sescom to build on a solid foundation to strengthen its UK operations and provide an extended offering to the combined group’s client base.
“I’m really pleased for Dave and the team. We are looking forward to seeing the combined team’s success and expansion over the coming years”.
Tomasz Szatkowski and Marek Tymecki led the transaction for Sescom and were supported by Azets (financial due diligence), GESSEL Attorneys at Law (Poland) and Akbar Ali of Ali Legal Ltd in the UK.
