Management Buy Out at A&R Services
Three directors, led by co-founder Ashley Davies, have completed the management buy-out of Bridgend-based A&R Services, in a deal advised on by the GS Verde Group.
Ashley has a background in finance and is a co-founder of A&R Services, and is joined by 25-year-old Chloe Stanford who first joined the company as an apprentice at the age of 18, and operations manager Dora Vasarhelyi. Dora started at A&R as a commercial cleaner in 2014 before progressing to become a commercial manager then operations manager.
First established in 2010 as a small ironing business, A&R Services now employs over 350 people and has a turnover in excess of £4 million. The company provides commercial cleaning, bio-misting, pest control and security services to industry, leisure, education and the healthcare sector across Wales.
A&R Services was named Business Service of the Year at the 2021 Cardiff Life Awards and was short-listed for the fifth consecutive year at the 2021 Fast Growth 50 Awards.
Ashley Davies said: "I am very proud of what A&R has achieved to date and we are very grateful to Rayner as she has helped to build a sustainable business with great foundations. The future of the business is very exciting, I am looking forward to working with the new management team who have played a major part on our story to date, and who will now play an even greater part in our future. I would also like to thank the Development Bank and the teams across the GS Verde Group for their support throughout this transaction and for their help to make it possible."
A&R Services was advised by dealmaking business the GS Verde Group, who supported the business throughout the transaction.
The deal was funded by the Development Bank of Wales with a loan and equity investment package from the Wales Management Succession Fund and Wales Business Fund.
The GS Verde Group are business focused experts in getting deals done. The group combines multiple disciplines including law, tax, finance and communications, to provide end-to-end support as a complete advisory team.