Bellrock Property & Facilities Management Limited, a provider of specialist risk focused workplace & property management solutions in the UK, has, after a successful partnership with Horizon Capital, secured new ownership and backing from Sun European Partners, LLP to accelerate its potential for future growth.
Sun European is a private investment advisory firm that focuses on defensible businesses in growing markets with tangible improvement opportunities. Sun European’s focus on leading well performing businesses with strong management teams and good prospects will secure future growth for Bellrock. This new partnership will enable Bellrock to capitalise on their unique and differentiated business model through its proprietary and integrated technology platform Concerto.
During Horizon Capital’s ownership, Bellrock has seen its revenues quadruple to over £160m. In addition to organic growth, the acquisition of 11 add-on companies has built scale, depth in new sectors and geographic reach while broadening Bellrock’s capability set and adding strength to its technology offering. The transformation has been underpinned by continuous investment in Concerto, putting Bellrock in a position to capitalise on estate digitisation and future trends in the FM and property market.
David Smith, Chief Executive Officer, Bellrock Property & Facilities Management, said: “We are very excited to be partnering with Sun European Partners, giving us the opportunity to accelerate growth, focusing on key market challenges around sustainability and carbon net zero, whilst continuing our investment in disruptive technologies such as advanced automation and data analytics.
“Sun European Partners has an excellent track record of driving growth within its portfolio companies, leveraging its operational experience to support defensible businesses which makes them the ideal partner for us.
“I would like to thank Horizon Capital, who through our journey together, have helped us deliver, expand, and evolve Bellrock into the market-leader it is today. We are proud to offer the FM market a differentiated proposition challenging the traditional low service FM delivery model. Our management team are fully committed and excited about the next stage of our journey and working with Sun Capital to realise the full potential of the business.”
Gerry Higgins, chairman, Bellrock Property & Facilities Management, said: “Witnessing Bellrock’s growth from a small retail focused Facilities Management provider into its present position as the UK’s leading holistic FM and property services business has been one of the highlights of my business career.
“With technology at its core and customer service firmly established in its DNA, the company is now uniquely positioned to benefit from the opportunities provided through this exciting partnership with Sun European Partners.
“Clear strategic insight coupled with supportive capital investment from Horizon Capital has enabled David and his team to build an innovative, market disrupter in the traditional property and FM sector. I would like to thank our advisors Rothschild & Co, Travers Smith, Graph Strategy and KPMG for their support in helping make this transaction possible.”
Paul Daccus, Managing Director, Sun European Partners, said: “We are very excited to be partnering with Bellrock and continue its excellent track record of organic growth as well as its buy and build strategy.
“They have a highly experienced management team with a proven track record of integrating acquisitions and gaining market share through their proprietary software offering. We look forward to partnering with the team as they transition to their next phase of growth.”
