Pall Mall Support Services has completed its acquisition
of Compass Cleaning, a deal which it says puts it in the top 5 UK cleaning
companies with over 11,000 staff and turnover doubled to £75m. Pall
Mall also becomes market leader in retail cleaning.
This is the first major deal under Pall Malls dual strategy of organic
growth and acquisition. MD David Woods said: "Acquiring Compass is
in line with our strategic aim to become the UK's fastest growing provider
of support services. Compass was the ideal choice - the industry sector
of their clients perfectly complements ours. We can widen their client
base while strengthening our own presence in the very important retail
sector and of course our geographic coverage is improved."
The Compass name will survive as a separate division and the company's
founder Paul Elliott will join the Pall Mall main board. Pall Mall's clients
include Nokia, Shell, HSBC, Centrica and Railtrack. The Compass retail
client portfolio includes Asda, J Sainsbury, Kwiksave, M&S, Somerfield
and Tesco.
Richard Byatt
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