An Oxford-based cleaning company has secured a £3.5m funding package from ThinCats and made an acquisition worth in excess of £5m.
Ecocleen Services has been supported for both acquisition funding and refinancing.
The business was established in 1993 and operates a franchised business model, delivering local cleaning services throughout the UK.
Jean-Henri Beukes, chief executive of Ecocleen, said: “We are one of the fastest-growing commercial cleaning companies in the UK, with a multi-award-winning business model which has allowed us to earn the trust and respect of thousands of customers across the country.
“We have big plans to build on this to grow our geographical reach and introduce new service offerings, and this acquisition is a great step in the right direction. Access to this funding and the support from ThinCats has made all of this possible.”
The deal was introduced to Thincats by Graeme Jones at AS Advisory.
Ecoleen has also acquired The JPM Group of Companies, which is based in Watford.
Stuart Thompson, director of regional business development at ThinCats, added: “These two businesses are well placed to complement the services that each offers, and Jean-Henri and the team will no doubt make the most of the opportunities that the union brings. I am sure that there are very exciting developments in store, and we look forward to seeing them play out.”
James Cowper Kreston advised on the transaction.