UK workplace and property management firm Bellrock has been sold to a company linked to private investment advisory firm Sun European Partners.
Sun European said one of its subsidiaries bought the Leicester-based property management company for an undisclosed amount.
Bellrock is a leading UK property services provider with over 1,000 property and facilities employees based at 75 locations across the UK working on behalf of its clients.
He works with over 2,000 carefully selected supply chain partners.
Sun European said Bellrock’s revenue had quadrupled to over £ 160million in the past eight years, in part through the acquisition of 11 complementary companies.
The acquisitions, he said, deepened its “technological offering in addition to scale of construction, depth into new areas and geographic reach.”
He said: “This transformation is underpinned by decades of experience and continued investments in its Concerto technology platform, placing Bellrock in a strong position to capitalize on the digitalization of wealth and future trends in asset management markets. facilities and real estate. “
Paul Daccus, Managing Director of Sun European Partners, said: “We are very pleased to partner with Bellrock and continue its excellent record of organic growth as well as its buying and building strategy.
“They have a very experienced management team with a proven track record in integrating acquisitions and gaining market share through their proprietary software offering.
“We look forward to partnering with the team as they move into their next phase of growth. “
Bellrock Managing Director David Smith said: “We are very pleased to partner with Sun European, which gives us the opportunity to accelerate our investments, focusing on key market challenges regarding sustainability and zero carbon footprint, while continuing to invest in disruptive technologies such as advanced technologies, automation and analysis.
“Sun European has an excellent track record of growing within its portfolio companies, leveraging its operational experience to support defensible businesses, which makes it the ideal partner for us.
“Our management team is fully engaged and excited about the next leg of our journey and working with Sun European to realize the full potential of the business. “
Sun European Partners said that since 1995, its subsidiaries have invested in more than 425 companies worldwide with revenues of more than 40 billion euros in a wide range of industries and transaction structures, including services to business, consumer, health, industry and technology.
It has offices in London and subsidiaries with offices in Boca Raton, Los Angeles and New York.