National law firm Shoosmiths has advised on the management buy-out (MBO) of The Quarr Group, a leading provider of building maintenance and construction, contract cleaning and contract catering.
The Quarr Group has been acquired by its management team, who included Brian Warren, Nelson Williams and Simon Ingram; the Managing Directors of the Quarr Group's subsidiaries: Nviro, Pabulum and Mountjoy, respectively.
A team from Shoosmiths - led by corporate partner Stephen Porter, with support from banking partner Rebecca Mauleverer, associate Sharon Everard, solicitor Rebecca Chafer and trainee solicitor Ben Churchyard - advised on the MBO.
Stephen said: "Shoosmiths was delighted to assist The Quarr Group with its transition to the next stage of its development. It has a strong and experienced management team in place and we are sure that the incredible growth that The Quarr Group has experienced in recent years will continue. All at Shoosmiths wish The Quarr Group the best of luck with the future."
Commenting on behalf of the MBO team, a spokesperson said: "We are absolutely thrilled to have acquired The Quarr Group. 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."
The Quarr Group has an annual turnover of more than £70m and employs in excess of 3,000 staff at offices in Hampshire and the Isle of Wight, Sussex, Surrey and London.
Its client portfolio includes schools, academies, colleges, universities, local authorities, healthcare bodies, social housing providers and commercial businesses.