United Kingdom
Forbes Professional acquired rental and maintenance accounts this week from commercial laundry equipment specialist Ashbank Service Limited.
Owned by Chris Brockbank, Ashbank Service is a renowned family business that has operated in the North East and Yorkshire for more than 60 years. We were approached about this opportunity after establishing an inter-company relationship at a global commercial laundry trade show in the United States. The transaction is in line with our ongoing growth plans and supports Ashbank's firm commitment to providing first class service to its customers.
Brockbank said, “Given the synergies in products, services and culture, we have no doubt that this will be a smooth transaction for all parties. Forbes is very adept at handling acquisitions and our customers will benefit from the support of a traditional family business with a national presence. "
Executing the transaction during the lockdown was a little different from previous acquisitions for Frobers where personal engagement was missed. “Despite the challenges of the current situation and due to the cooperation of both parties, we crossed the finish line. With the new customers from the health industry, this sector will be further expanded as an important growth area for our company, ”said a spokesman.
We look forward to welcoming our new customers on board. You can rest assured that you are being looked after by a progressive, multi-award winning family business. Although we are progressive and agile in our approach to business, we stick to the old-fashioned corporate values established in early 1926. Stephen Edwards, our Finance Director, leads acquisitions and mergers for Forbes and says: “Having completed this number of acquisitions in 2020, this transaction is a good starting point for our growth strategy for 2021. Our experienced people are able to accommodate the new customers welcome to our company and ensure smooth integration for everyone involved. & # 39;
