Owen White has recently advised longstanding client Ecocleen Services Limited on its acquisition of The JPM Group of Companies Ltd (JPM).
Ecocleen is a leading commercial UK contract cleaning provider, operating through a nationwide franchise network. JPM is a facilities services company based in Watford.
The Owen White team was led by Corporate and Business Services Director Andrew Hayward, who said,
“This was a challenging transaction, involving specialist mid-sized SME funders Thincats, who required comprehensive security across the group, to sit alongside that held by the client’s existing bankers. It also involved detailed negotiations with the sellers and their legal team. In the circumstances, I was grateful to be working with client directors that were both astute and commercial in their approach, providing appropriate and timely instructions when required. Additional invaluable support was also provided throughout by Graeme Jones of AS Advisory, enabling the transaction to progress to a successful conclusion. I am pleased that we have been able to support Ecocleen in adding JPM to its already successful fold.”
The deal represents a continuation of Owen White’s many years of experience acting for expanding franchise networks, whether by means of direct franchising, area development agreements or corporate acquisitions such as this.