A catering equipment specialist employing over 90 engineers was acquired.
Network Catering Engineers Ltd, of Halesowen, has been acquired by Airedale Group, based in Bradford.
West Midlands was founded in 2000 and today performs maintenance services for over 60 customer chains.
Tim Church, Founder and Managing Director of Network, said, “Airedale is a second-generation, family-owned company employing over 350 people, including over 200 service engineers.
“They have a proven track record of successful acquisitions in the kitchen maintenance business and they really understand our industry.
“We believe Airedale Group is the ideal home for Network and the entire Network team is fully committed to the business for the long term.”
The acquisition, for an undisclosed amount, comes after investor Rubicon Partners took a stake in Airedale Group.
Rob Bywell, Managing Director of Airedale Group, said: “Rubicon’s investment has given us the support we need to continue to build a group of highly complementary brands that are leaders in their respective industries.
“The network enhances what was already an unparalleled national commercial kitchen servicing platform and, following the acquisition, the group will employ a combined total of over 300 national service technicians.”
Thursfields Solicitors advised the major shareholders of Network Catering Engineers on its sale. Director Philip Chapman and Ellie Bryan provided business advice, assisted by Lisa Kemp on employment issues and Stewart Coles on business ownership issues.
Chapman added, “The network had reached an optimal size and it made strategic and business sense to combine forces with a larger company to deliver true scale in this market.”
A team led by Martin Sweeney and Jessica Fielden of Scofield Sweeney advised Airedale Group on the deal.