A facilities management and property services firm has expanded its UK footprint by acquiring a Yorkshire company.
Birmingham-based Trios has bought out Airedale Maintenance Services which was founded in 2000 and specialises in planned and reactive maintenance in the commercial and retail sectors in an undisclosed deal.
Trios works with clients such as West Midlands Police, Ladbrokes Coral, Royal Mail and Boots. The deal enables Airedale's founding shareholders Jamie and Mark Nelson to exit the Leeds-based business while enabling geographic and turnover growth for Trios.
Rob Barling, chief executive officer of Trios, said: "We're pleased to welcome Airedale Maintenance Services clients into the Trios family.
"They can look forward to the same high standards of facilities management support to which they are accustomed as well as benefiting from the many other property-related services we can offer."
Airedale Maintenance Services director Jamie Nelson added: "We've been on a great journey over the last 20 plus years, working with a fantastic team and client base.
"We're delighted to have secured a bright future for the company and clients who will now benefit from being looked after by a larger national player with significant infrastructure and resources."
The corporate finance team at MHA Moore and Smalley advised the shareholders of Airedale Maintenance Services.
Corporate finance associate director Robert Holgate said: "We're proud to have supported Jamie and Mark to help them get this deal over the line.
"After more than two decades in the business, they leave it in a great place where it will benefit from new investment and expertise as part of Trios."
Law firms Ramsdens and Penningtons Manches Cooper also acted on the deal.
