Leading ‘No sale, no fee’ business broker, Turner Butler, has announced the sale of Mitcham based Direct Cleaners Limited to PLT Services, a company specialising in office and floor cleaning, with a particular presence in the commercial and industrial sectors. With a large domestic customer base and a number of high profile hotel Clients, the acquisition of Direct by PLT, significantly expands its customer base and takes it into new markets.
PLT’s acquisition is just the latest secured by Turner Butler in the cleaning sector. ‘As well as general cleaning – commercial, industrial and domestic, we regularly achieve sales of specialist cleaning companies’ commented Tony Bell, Regional Manager, Turner Butler.
One such example was Techclean Services (Wessex) Limited, a Dorset based data centre and IT equipment cleaning company.
‘Cleaning companies can represent attractive acquisition opportunities to a wide range of target audiences – private individuals through to large cleaning conglomerates. The most successful acquisitions and where best value is realised from sale are those with a good deal of synergy between both parties’ added Tony Bell.
The sale of Direct was the third cleaning company sold by Turner Butler in a very short period of time, reflecting an increasingly active M & A market in the cleaning sector.