Safety Management & Monitoring Services Limited (“SM&MS”) is a health & safety and environmental services provider, specialising in the property management sector. The business was established by Sue and Phil Morris in Huddersfield in 1994 and supports a long-established national client base.
The SM&MS offering encompasses various health and safety (“H&S”) risk management and monitoring services, (including asbestos, legionella and fire monitoring and inspection) as well as energy performance and general H&S consultancy and support. These consultancy services are underpinned by proprietary software that enables clients to proactively manage H&S issues and contractor risk.
PPCF was appointed by the shareholders of SM&MS following the receipt of unsolicited approaches from two interested parties. The approaches were very different in nature, one being from private equity and one from a trade buyer. PPCF advised the shareholders on the financial and structural implications of the alternative proposals and by understanding the shareholders’ objectives were able to negotiate and improve both offers such that they were acceptable to the shareholders.
The shareholders selected Alcumus (backed by Sovereign Capital) as their preferred purchaser and PPCF ensured that value was maintained through the due diligence process.
Sue Morris, founder of SM&MS, commented “Selling our business was a bit of an emotional rollercoaster. PPCF guided us through the process and by understanding our objectives from the outset skilfully ensured that they were met in the delivered deal.”