Nurture Group Buys Tivoli, Marks 50th Acquisition Milestone
Deal News | Nov 06, 2024 | FM Business Daily
Nurture Group has recently completed its largest acquisition by purchasing Tivoli Group Ltd, marking its 50th acquisition and strengthening its position in the grounds maintenance and landscaping sector. Tivoli, known for its extensive portfolio of public sector clients including the UK's Defence Infrastructure Organisation, will retain its brand and operate under Nurture Group. The acquisition expands Nurture's national coverage and operational density, enhancing its service deliveries and efficiencies. Nurture, led by Peter Fane and Gareth Kirkwood OBE, has achieved formidable growth through strategic acquisitions and organic growth. The company reiterates its commitment to direct service delivery and sustainability, employing over 4,400 workers, with the recently acquired Tivoli adding 1,400 colleagues to the workforce. The transaction reflects a strategic alignment of values and services, enhancing service excellence and sustainability solutions for clients across Great Britain.
Sectors
- Grounds Maintenance and Landscaping
- Environmental and Sustainability Services
Geography
- United Kingdom – The focus of the acquisition and operations of both Nurture Group and Tivoli is within Great Britain, with significant mentions of UK-based public sector clients such as the Defence Infrastructure Organisation.
Industry
- Grounds Maintenance and Landscaping – This industry involves businesses providing services related to the design, maintenance, and care of outdoor spaces, particularly for aesthetic and functional purposes. The article's focus on Nurture and Tivoli positions it firmly within this sector.
- Environmental and Sustainability Services – Services aimed at improving biodiversity, sustainability, and implementing green solutions are central to the activities of the Nurture Group, as evidenced by their stated commitments and client offerings.
Financials
- £245 million – The combined annual revenue of the Nurture Group following the acquisition of Tivoli.
- £70 million – The annual turnover of Tivoli prior to acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Nurture Group | Buyer | Company | A leading player in the horticultural, landscaping, and green services sector, known for strategic acquisitions and extensive national coverage in Great Britain. |
| Tivoli Group Ltd | Target | Company | The fourth largest player in the grounds maintenance sector, known for its strong presence in the UK public sector and a history as a carve-out from ISS. |
| Peter Fane | Executive Chairman and Founder | Person | Founder of the Nurture Group, with a background in landscaping and grounds maintenance. |
| Gareth Kirkwood OBE | CEO | Person | Chief Executive Officer of the Nurture Group, recognized for leading the company through significant growth. |
| Nicola Keach | Outgoing Chief Executive | Person | Former Chief Executive of Tivoli, praised the alignment of values and successful integration with Nurture Group. |