Jordon Merges with Bellrock
Deal News | Nov 05, 2024 | FM Business Daily
Bellrock Group, a renowned provider of technology-driven property services in the UK, has announced its merger with The Jordon Group, a leader in air-conditioning, refrigeration, and shopfitting, effective October 31, 2023. The Jordon Group, led by Managing Director Paul Jordon, has been providing critical asset maintenance services since 1965, and boasts nearly £40 million in revenue. The merger is Bellrock's sixth in three years, aimed at enhancing their capabilities in self-delivered Critical Engineering. Under the collective leadership within Bellrock, the merger is expected to broaden the range of services and unlock opportunities across new sectors. Key figures expressed enthusiasm for the strategic alignment that promises to challenge industry norms and provide cutting-edge, tech-driven solutions, while continuing to nurture growth and development among teams.
Sectors
- Property Services
- Engineering Services
- HVAC and Refrigeration
Geography
- United Kingdom – Both Bellrock and The Jordon Group operate predominantly within the UK, serving various sectors across the country.
Industry
- Property Services – Bellrock Group is a provider of technology and expert-led property services, making this a relevant industry classification.
- Engineering Services – The merger enhances Bellrock's capabilities in self-delivered Critical Engineering, directly linking to the engineering services sector.
- HVAC and Refrigeration – The Jordon Group is a national leader in HVAC and refrigeration, making this an essential sector in the context of the merger.
Financials
- £40 million – Revenue of The Jordon Group prior to the merger.
- £230 million – Total value of the multi-disciplinary organization Bellrock becomes post-merger.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Bellrock Group | Acquirer/Merging Company | Company | A UK-based provider of technology and expert-led property services aiming to expand its capabilities through strategic mergers. |
| The Jordon Group | Target Company | Company | A family-run business established in 1965, providing end-to-end turnkey solutions and critical asset maintenance services. |
| Paul Jordon | Managing Director | Person | Managing Director of The Jordon Group, significant to the merger. |
| Carlo Alloni | CEO | Person | CEO of Bellrock Group, overseeing the merger. |
| Nick Denny | Managing Director of Workplace Services | Person | Managing Director at Bellrock, leading the Workplace Services division where The Jordon Group will be incorporated. |