Clearwater advised the Irish support services company resource™ on its £22 million acquisition of Pall Mall, the UK cleaning and security services arm of Carillion plc.
The acquisition creates a company with unique capabilities to service clients throughout Ireland and the UK. It also makes resource™ the largest Irish-based support services company, with annual revenues of £150 million. The deal was funded by Anglo Irish Bank Corporation Plc.
Pall Mall operates throughout England, Scotland and Wales from bases in London, Manchester, Birmingham, Edinburgh and Newport. It employs 7,500 people through its cleaning and security divisions.
offers services ranging from cleaning to car parking management to clients in both the private and public sectors.
Terence Brannigan, CEO, resource™
“Pall Mall provides resource™ with a strong platform for future expansion on the UK mainland and currently the two businesses share many common customers across the UK and Ireland. The deal will also allow resource™ to expand its strategy of bundling together a variety of soft services to deliver both quality and cost benefits to customers.”