Management AdvisoryCompany SalesCompany Acquisitions

Momentum advises the shareholders of Veritas on their sale to Orbis Protect

The acquisition will further enhance the Group’s service offering and technology solutions whilst accelerating growth

Deal Overview

  • Lead advisor
  • PE-backed trade acquirer
  • Long-term strategic advice

Momentum Corporate Finance has advised specialist Property, Security and Maintenance provider Veritas Property Management on its sale to Synova Capital backed, Orbis Protect.

Founded in 2005, Veritas Property Management is recognised as a leading property services provider within the UK commercial property market, offering services which include CCTV and alarms, site security and vacant property management. Veritas delivers end-to-end services, primarily to customers within the commercial sector including property managers, FM providers and insolvency practitioners.

Orbis Protect, the UK leader in vacant property, asset security and people protection services, currently employs more than 500 staff across 20 UK locations, working with clients across the private and public sectors. Its services include site security and CCTV for housing, construction and other vulnerable asset protection leveraging its secure monitoring services, as well as vacant property management – from cleaning and clearing, to infection control and pest control. Orbis also offers out of hours call centre services and lone worker solutions, protecting more than 50,000 workers annually with personalised alarm services.

Over recent years Orbis has recorded strong organic growth, complemented by its previous acquisition of Optosafe, a leading provider of CCTV solutions, enhancing its delivery of advanced site and asset security services.

The combined Group will be optimally positioned to deliver market leading service to its customers with an improved offering and increased resource enhancing the customer experience and accelerating innovation.

Momentum Corporate Finance acted as lead advisor to the shareholders of Veritas, with TLT providing legal advice. Orbis was advised on the acquisition by Squire Patton Boggs (legal), PwC (financial and tax due diligence) and Deloitte (tax advisory). The acquisition was supported by financing provided by Ardian.

Special thanks go to Momentum’s team for its role in the success of this transaction. It has been an exceptional experience working with them since the outset, as we wanted to work with an advisor from the earliest stages of rationalising and understanding our options for future sale. It was their long-term commitment to look at all aspects of our business that made Momentum instrumental from the preparation of our strategy, right through to the smooth running and the successful sale to Orbis.

Whilst you would expect professional, competent advice from your advisor, Momentum’s secret sauce is their ability to offer truly practical, pragmatic support, that leads to better outcomes, and supports the human elements of the sale process that many advisory firms overlook. We would recommend their services to anyone seeking corporate finance advice without hesitation and hold them in highest regard.

James Gay, CEO of Veritas

It’s been a pleasure to provide strategic guidance to the Veritas team over the last two years as the business has prepared itself for a future sale. We pride ourselves on giving best long term advice and are always keen to engage with our clients well in advance of a transaction to deliver maximum value.

Orbis is an excellent home for Veritas and we look forward to seeing the combined group flourish as it captures the significant synergies and market opportunities that lie ahead.

Rob Crews, Partner at Momentum Corporate Finance

I am very pleased to announce our strategic acquisition of Veritas Property Management. The acquisition is fully aligned with our long-term strategy of growing our service offering within a wider commercial customer base, through more technology enabled solutions and ensuring that we maintain our position as the market leader for vacant property and asset protection services in the UK.

Veritas has successfully grown its business leveraging strong customer relationships by delivering exceptional service levels, demonstrating market leading responsiveness to customer issues and an ability to consistently deliver a ‘right first time’ solution. Orbis and Veritas coming together is very much about helping both businesses to realise their shared vision for growth.

Ben Howard, CEO of Orbis Protect

Thinking about a company sale or acquisition? Do not hesitate to get in touch today.

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