- Acquisition of a leading provider of specialist risk focused workplace and property management solutions in the UK
- Sun European applying operational toolkit as Bellrock transitions to its next phase of growth
Sun European Partners, LLP (“Sun European Partners” or “Sun European”), a leading private investment advisory firm focused on defensible businesses in growing markets with tangible performance improvement opportunities, today announced that its affiliate has agreed to acquire Bellrock Property & Facilities Management Limited (“Bellrock”), a leading provider of specialist risk focused workplace & property management solutions in the UK. Terms of the private transaction were not disclosed.
Bellrock is one of the leading UK providers of specialist risk focused workplace and property management solutions. Its focus is on delivery of improved compliance, lower cost and increased quality for all sophisticated and complex organisations across the UK. Bellrock comprises over 1,000 property and facilities professionals at 75 sites across the UK working on behalf of its clients with access to more than 2,000 carefully selected supply chain partners.
Bellrock’s revenues have quadrupled to over £160m over the past eight years. The acquisition of 11 add-on companies have broadened Bellrock’s capability and has specifically deepened the technology offering in addition to building scale, depth in new sectors and geographic reach. This transformation is underpinned by decades of experience and continuous investment in its technology platform Concerto, putting Bellrock in a strong position to capitalise on estate digitisation and future trends in the facilities management and property markets.
“We are very excited to be partnering with Bellrock and continue its excellent track record of organic growth as well as its buy and build strategy.” said Paul Daccus, Managing Director, Sun European Partners. “They have a highly experienced management team with a proven track record of integrating acquisitions and gaining market share through their proprietary software offering. We look forward to partnering with the team as they transition to their next phase of growth.”
“We are very excited to be partnering with Sun European, which gives us the opportunity for accelerated investment, focusing on key market challenges around sustainability and carbon net zero, whilst continuing our investment in disruptive technologies such as advanced automation and analytics,” said David Smith, CEO Bellrock. Sun European has an excellent track record of driving growth within its portfolio companies, leveraging its operational experience to support defensible businesses, which makes them the ideal partner for us,” “Our management team are fully committed to and excited about the next stage of our journey and working with Sun European to realise the full potential of the business.”
Julia Tilley / Monique Perks / Jennifer Renwick
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