Commercial contract cleaning provider, Ecocleen, has acquired The JPM Group of Companies Ltd (JPM), a facilities services company based in Watford.
In a deal worth over £5 million, the buyout will enable Ecocleen to expand its presence within both established and new sectors – most notably the film industry – whilst continuing to grow its nationwide network.
Founded in 1987, JPM works across a number of locations within the M25 corridor and surrounding counties. As a family-run business, the company has established a number of long-standing clients and employs over 1,000 people.
To ensure a smooth transition, both management teams will come together to collaborate in growing Ecocleen’s geographical and industry spread. The company’s recently appointed Chief Operating Officer, Francois Oosthuizen, and Mark McMullen, Chief Commercial Officer, have both been fundamental in supporting the integration plan between the organisations.
Jo Bass, Operations Director at JPM commeneted: “The directors of The JPM group would like to take this opportunity to thank our staff for their loyal service and dedication, and to say thank you to our many clients who have allowed us to serve them during this time. We are excited for the future as we believe that Ecocleen is the best company that could have acquired us given its similar ethos, culture and family values. We wish them all the very best for the future.”
Looking into the future, Ecocleen plans to synergise the two companies and unite the 2,500 employees, which will boost the run-rate entering post-completion to £30 million annual turnover.