Tue, 22 Apr 2014 | MERGER
Record manager firm Magnum Secure has been purchased by support services provider Restore in a £4.6 million deal.
Buying Magnum will cement Restore’s position as a leading records management service provider in Britain, the London-based business said.
“The acquisition of Magnum broadens our customer base in records management market, increases our geographical coverage of the UK and will provide the group with additional cross-selling opportunities,” Charles Skinner, chief executive of Restore, said.
“We have a strong track record of effectively integrating records management businesses and the board looks forward to the contribution to the group that Magnum will make.”
Magnum is based in Goole, Yorkshire, and was established in 1989 to operate document management and secure shredding services to public and private businesses across the North East of England.
It handles vast amounts of electronic and physical records including financial, personnel, legal, medical and contracts etc. It opened a new facility in Spennymore, Country Durham in April 2010, to help push further growth and taking its total storage capacity to over 750,000.
The company’s turnover is expected to be about £2.8 million for the year ending 31 July 2014, with EBITDA of £600k.
_______________________________________________________________________
Related information:
Business investment options
Print Logic seeking buyer after entering administration
Seeking an acquirer / strategic partner for this long-established national engineering contractor providing an extensive range of solutions, including specialised fabrication, pipework installation, steelwork and mechanical equipment.
Our client, with a legacy spanning over 35 years, has crafted an exceptional brand and market-leading business in the world of organic wines. Now, due to retirement plans, they are seeking the perfect successor to carry forward their legacy.
Over the past 15+ years, our client has built a successful business providing a range of commercial cleaning and soft services to its contracted and growing client base. Working predominantly within the commercial and industrial sector, our client ma...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.