PCS Asbestos Consultants acquired by AIM-listed Marlowe
An asbestos risk management consultancy has been acquired by AIM-listed Marlowe, the UK provider of business-critical services and software which assure regulatory compliance.
The shareholders of PCS Asbestos Consultants, based in Huddersfield, were advised on the sale by accounting and business advisory firm HURST.
The HURST team comprised Max Perry and Danielle Tierney, who provided corporate finance advice, and James Thompson, who provided tax advice.
Ryan Brown, Ceri Jones and Harpinder Nahl at Browne Jacobson provided legal advice.
PCS, using its PCS Risk Manager software platform and apps, provides professional asbestos surveying, management and consultancy solutions throughout the UK and Ireland. PCS has a wide-ranging blue-chip customer base with extensive commercial property estates across the private sector, spanning retailing, pubs and leisure and mobile telecoms.
The business has been acquired by Tersus Consultancy, which is part of Marlowe PLC. The terms of the transaction are undisclosed.
Marlowe provides specialist services which assure safety and regulatory compliance for its clients. Its extensive portfolio of group companies manages risks for businesses across individual divisions that focus on health and safety, HR and employment law compliance, fire safety, security, water safety, water treatment, air quality and occupational health services.
Max Perry, an Associate Director in HURST’s corporate finance division, said: “It was a pleasure to advise the shareholders of PCS on the sale of the company to Marlowe.
“After a competitive process, this deal satisfied the requirements of all shareholders and I’m sure that Marlowe will see the benefit of PCS’s qualities throughout all areas of its business for a very long time.”