Slough-based Owen White Solicitors has acted as legal advisers to Ecocleen Services in its purchase of family-owned, Henley-based, Regency Cleaning Services in a deal worth up to £2.5 million.
The takeover will enable the company to increase its presence within key sectors – most notably education and motor retail, while expanding its nationwide franchise network.
Owen White, which has had offices on the Bath Road in Slough for 30 years, is regarded as one of the leading franchise firms in the UK, working with franchisors, franchisees and franchise action groups alike.
Ecocleen has more than 25 years of experience developing and implementing tailored commercial cleaning solutions. The franchise handles contracts of all sizes on behalf of over 600 customers, servicing both single and multi-site operations on a local, regional and national basis.
Regency Cleaning Services operates throughout Berkshire, Buckinghamshire and Oxfordshire, supporting more than 100 clients. The company’s team of 500 staff are responsible for delivering cleaning, waste management, porterage and maintenance services to a variety of private and public sector sites such as schools, nurseries, offices and car showrooms.
Andrew Hayward, head of Owen White’s corporate and commercial team, said: “This was a particularly rewarding transaction to work on with our longstanding client Ecocleen Services Ltd. As is often the case, there were one or two wrinkles that needed ironing out along the way. The pragmatism and commerciality of our client was enormously helpful, enabling us to achieve a very satisfactory result all round.”
Jean-Henri Beukes, managing director of Ecocleen, said: “Regency Cleaning Services is a likeminded and profitable business that will immediately strengthen a number of existing franchisees while helping us create new franchise areas. This is the first of a number of strategic acquisitions we are planning as we look to accelerate our growth within the UK. We are seeking further opportunities in London, the South-East, South-West and North-West, which will add value and expertise to our business and existing infrastructure.”