BGIS Expands Technical Capabilities with BSM Acquisition
Deal News | Dec 03, 2024 | FM Business Daily
BGIS, a global provider of facilities management services, has acquired Briggs & Forrester Building Services Maintenance (BSM), a division of Briggs & Forrester Group. This acquisition is a pivotal step for BGIS's expansion within the UK, enhancing its technical service offerings. BSM, renowned for mobile services, HVAC, and electrical maintenance, brings approximately 100 engineers to BGIS, significantly boosting its technical capabilities. Gary Bullen, BGIS's UK President, and Gord Hicks, Global CEO, stress the acquisition's value in delivering top-notch solutions and enhancing operational efficiencies. Meanwhile, Briggs & Forrester Group, guided by CEO Paul Burton, will refocus on core contracting activities, bolstered by the financial strength from the sale. The strategic move illustrates BGIS's dedication to innovation and excellence within the real estate services sector.
Sectors
- Facilities Management
- Engineering Services
Geography
- United Kingdom – The acquisition enhances BGIS's service capabilities within the UK market.
- Global – BGIS is a global integrated facilities management provider.
Industry
- Facilities Management – The acquisition deals with the expansion of BGIS's services in facilities management.
- Engineering Services – BSM specializes in mechanical and electrical building services, relevant to the engineering sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| BGIS | Acquirer | Company | BGIS is a globally active provider of facilities management services. |
| Briggs & Forrester Building Services Maintenance | Target Company | Company | A division of Briggs & Forrester Group providing mechanical and electrical maintenance services. |
| Briggs & Forrester Group | Selling Company | Company | A company focused on contracting activities within the UK, selling its BSM division. |
| Gary Bullen | UK President | Person | An executive representing BGIS, overseeing the UK market operation. |
| Gord Hicks | Global CEO | Person | CEO of BGIS, emphasizing strategic goals and innovations. |
| Paul Burton | Chairman & CEO | Person | Chairman and CEO of Briggs & Forrester Group, guiding strategic changes. |