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James Cowper Kreston provide transaction support for Ecocleen’s acquisition of The JPM Group

20 April 2021

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James Cowper Kreston provide transaction support for Ecocleen’s acquisition of facilities services company The JPM Group

James Cowper Kreston’s corporate finance team recently provided transaction support to leading commercial contract cleaning provider Ecocleen for its acquisition of The JPM Group of Companies Ltd (JPM), in a deal worth over £5 million. The successful buyout will enable the group to expand its presence within both established and new sectors – most notably the film industry – whilst continuing to grow its nationwide network.

A family-run business, JPM works across a number of locations within the M25 corridor and surrounding counties. The company has established a number of long-standing clients and employs over 1,000 people. Ecocleen will continue to carry the business’ legacy and embrace its heritage moving forward, adding value and expertise to its business and existing infrastructure.

“We are one of the fastest-growing commercial cleaning companies in the UK, with a multi-award-winning business model which has allowed us to earn the trust and respect of thousands of customers across the country. This acquisition demonstrates a great step forward in our growth ambitions to increase geographical reach and introduce new service offerings,” commented Jean-Henri Beukes, CEO of Ecocleen. “The JPM Group shares our family and company values, and offers a significant opportunity to grow into new sectors and consolidate on our existing verticals.”

In addition to James Cowper Kreston, a wide selection of professional services firms worked on the deal, including AS Advisory, who worked closely with the executive team to secure funding for the refinancing of some existing facilities and support for the acquisition of JPM with ThinCats, a leading alternative finance provider to mid-sized SMEs. In addition, Thames Valley solicitors Owen White represented Ecocleen in finalising the Share Purchase Agreement and supplying legal expertise.

Brad McAvoy lead the team at James Cowper Kreston Corporate Finance adding “It was a pleasure working with Jean-Henri and the Ecocleen team on another successful acquisition.  Ecocleen is continuing to pursue its acquisition growth strategy which we are thrilled to be a part of. JPM’s established customer base and sector focus will be very complementary for Ecocleen.”

Jean-Henri Beukes commented, “We were delighted to work with Brad and his team at JCK on another successful project and acquisition. The detailed reporting and analysis is incredibly insightful and added a layer of comfort to the Executive Team. Working together on a previous acquisition has assisted in JCK understanding our integration plan and therefore has developed robust sense checking of our forecast rationale. They were very supportive in working to a tight deadline and the reports, insight and constructive challenge meant we had all the information to make informed decisions. We look forward to working with the team on our next target.”