OCS Expands Through FES Acquisition

Deal News | Dec 04, 2024 | FM Business Daily

OCS Expands Through FES Acquisition

OCS Group, a global leader in facilities management, has announced its strategic acquisition of FES FM and FES Support Services from Forth Holdings Limited, signaling a significant growth in its Hard Services division in the UK. This acquisition aims to double the size of OCS's Hard Services segment, forming a formidable force with over 4,000 engineers and annual revenues surpassing £600 million. Originating in Scotland, FES FM and its support network have built a reputation for providing superior services across both the public and private sectors. OCS sees this merger as an opportunity to further enhance its service delivery in energy and decarbonization projects, owing to FES's specialized background. The combined entity plans to nurture a robust apprenticeship program, affirming its commitment to community investment and skills development. The deal represents OCS's fifth UK acquisition within a year, underscoring its dedication to strategic expansion and excellence, while also streamlining opportunities within the hard services marketplace in the UK and particularly expanding its presence in Scotland. The acquisition is aligned with OCS's market-leading ambitions and its goal to double its revenue in the UK and Ireland over the next five years.

Sectors

  • Facilities Management
  • Energy and Decarbonization

Geography

  • United Kingdom – OCS and FES FM & Support Services are UK-based companies, and the acquisition primarily affects the UK market.
  • Scotland – FES FM and FES Support Services are headquartered in Stirling, Scotland, and the acquisition will enhance OCS's presence in Scotland.

Industry

  • Facilities Management – The article discusses the acquisition in the facilities management industry, where OCS operates and seeks to expand its hard services offerings.
  • Energy and Decarbonization – FES Support Services specializes in energy efficiency and decarbonization projects, making it a crucial component of the acquisition.

Financials

  • 600 million – The estimated annual revenues of the combined entity post-acquisition.

Participants

NameRoleTypeDescription
OCS GroupAcquirerCompanyA global leader in facilities management expanding its Hard Services division through acquisitions.
FES FMTarget CompanyCompanyProvider of hard services with national presence in the UK.
FES Support ServicesTarget CompanyCompanySpecializes in energy and decarbonization projects.
Forth Holdings LimitedSellerCompanyThe parent company selling FES FM and FES Support Services.
Daniel DicksonCEO UK & IrelandPersonCEO for OCS in the UK & Ireland, commenting on the acquisition.
Paul LoweFormer CEOPersonFormer CEO of Forth Holdings Limited.
Rob LeggeGroup CEOPersonOCS Group CEO commenting on the strategic importance of the acquisition.