A facilities and support services operator grew with the acquisition of a peer that employs 500 people in the UK and Ireland.
Salisbury Group was founded in 2013 as the dedicated facilities services arm of a commercial property company.
It has since grown into a national operator with a diverse customer base, historic revenues in excess of £50m and a strong outlook after two record years in which it secured over £30m in new contracts.
Salisbury has been acquired by Berkshire-headquartered Atlas FM, which will now be a £160m company employing 8,500 people at more than 6,000 sites.
The Salisbury brand and management team will remain in place after the transaction.
MHA Corporate Finance has been engaged by Salisbury shareholders to advise its board of directors on a disposal strategy.
Chris Wisely, Atlas Group Managing Director, said: “This agreement is a sign of our ambitious growth plans for the future, and we are delighted to have the management team and staff at Salisbury become part of the Atlas family. .
“Bringing Salisbury’s excellent installation services and technical maintenance capabilities, Atlas now offers the full range of FM services to our customers.”
Andrew Lunt, Group Managing Director of Salisbury, added: “It’s a fantastic step for Salisbury and our talented people to be part of an established and fast growing FM Group.
“Atlas is an owner-driven company focused on providing the best possible service to customers. This culture is completely aligned with ours and, alongside the immediate business opportunities the agreement brings, we can look forward to an exciting future. together.”
James Lawson, Partner at MHA Corporate Finance, said: “The degree of cultural fit between Salisbury and Atlas and a similar philosophy on customer engagement is evident from early discussions; this facilitated a pragmatic and cooperative approach to negotiations and a common focus on the future opportunity.
“It is gratifying to have played our part in guiding both companies to the point where they can now begin delivering as a combined group.”