CONCOURSE FM ACQUIRED BY CSHL
CSHL GOES FOR FACILITIES MANAGEMENT BUSINESS
Central Square Holdings (CSHL), the property support services group, has acquired facilities management specialist ConcourseFM.
ConcourseFM’s offering helps clients optimise their FM contracts, reduce the running costs of their properties and increase productivity across their estates. It has offices in Nottingham and Cork.
The company already collaborates with CSHL on client projects, predominantly through its existing strategic relationship with building services and environmental consultancy GDM, the specialist technical design arm of CSHL.
CSHL is now aiming to grow ConcourseFM from within its existing client base and by leveraging the group’s scale to target new opportunities in both the UK and internationally.
Following the deal, managing director Alex Riche will continue to lead the business reporting to and supported by GDM director Gary Draper.
Tony Lenehan, chief executive of Leeds-based CSHL Group, said: “The acquisition of ConcourseFM continues to see us expand our broad suite of complementary real estate asset support services. We have now developed a complete FM offering covering the day-to-day management of buildings, consultancy and, alongside our existing iSite business, proprietary estates management technology and project management tools.
“Since forming the group in March, we have accelerated our strategy of building a suite of capabilities with unrivalled strength, depth and expertise in specialist property services. Increasingly, we are working with clients on long-term, retained partnerships.
“We have enjoyed a close working relationship with Alex and his team for a number of years, across many successful projects and are now looking forward to welcoming ConcourseFM into the broader group and defining the next phase of growth.”
Alex Riche, managing director of ConcourseFM, added: “Joining CSHL will bring access to enhanced capabilities, growth opportunities, and complementary services and solutions which mean we can now together offer the market a unique FM consultancy service.
“Their entrepreneurial culture and commitment to innovation and technical excellence mirror our own values, which made it an easy decision to join them.”
The acquisition follows CSHL’s deal to merge and integrate Styles&Wood with furniture, fixtures and equipment (FF&E) interior specialist Southerns, which successfully completed in March 2018.