School catering company Pabulum and two other subsidiaries have agreed a management buy-out (MBO) with The Quarr Group.
The Quarr Group operates in a variety of services, including schools, academies, colleges, universities, local authorities, healthcare and commercial businesses. Alongside Pabulum in the move is building maintenance company Mountjoy and contract cleaning company Nviro.
The MBO was supported by a finance facility agreed with long-term banking partners, HSBC. The MBO team involves all the executive directors from the subsidiary companies and was led by the three managing directors, including Nelson Williams, managing director of Pabulum.
“We are absolutely thrilled to have acquired The Quarr Group,” said a spokesperson for the MBO team. “We believe with the right investment in our people we can further develop our already excellent proposition. Mountjoy, Nviro and Pabulum’s shared desire is to enhance the customer experience and be recognised as leading partners in our respective industries. Our values will remain as the cornerstone of our business.
“Working with our great people we aim to deliver sustainable growth over the coming years whilst maintaining the high standards of service delivery our clients have come to expect.”
There will be no change to the existing staffing or management structure of the group, which has an annual turnover of over £70m and employes over 3,000 staff in London and the south of England.