A FAMILY-based cleaning business that operates across the Thames Valley has been taken over.
Slough-based Owen White Solicitors recently acted as legal advisors to Ecocleen Services Ltd, in their purchase of Henley-based Regency Cleaning Services in a deal worth up to £2.5 million. The successful takeover will enable the company to increase its presence within key sectors – most notably education and motor retail, while expanding its nationwide franchise network.
Ecocleen has more than 25 years’ experience of developing and implementing tailored commercial cleaning solutions. The franchise handles contracts of all sizes on behalf of more than 600 customers, servicing both single and multi-site operations on a local, regional and national basis.
Regency Cleaning Services operates throughout Berkshire, Buckinghamshire and Oxfordshire, supporting more than 100 clients. The company’s team of 500 staff are responsible for delivering cleaning, waste management, porterage and maintenance services to a variety of private and public sector sites such as schools, nurseries, offices and car showrooms.
Andrew Hayward, head of Owen White’s corporate and commercial team, said: “This was a particularly rewarding transaction to work on with our longstanding client Ecocleen Services Ltd.
“As is often the case, there were one or two wrinkles that needed ironing out along the way. “The pragmatism and commerciality of our client was enormously helpful, enabling us to achieve a very satisfactory result all round.”
Related: Ecocleen Franchise
Jean-Henri Beukes, managing director of Ecocleen, said: “Regency Cleaning Services is a likeminded and profitable business that will immediately strengthen a number of existing franchisees while helping us create new franchise areas.
“This is the first of a number of strategic acquisitions we are planning as we look to accelerate our growth within the UK. We are seeking further opportunities in London, the South-East, South-West and North-West, which will add value and expertise to our business and existing infrastructure.”
By John Wakefield
Source: Wokingham Paper