Add-on Acquisition • Consumer Services

Johnson Service Group Acquires Ashbon Services

On November 30, 2015, Johnson Service Group acquired consumer services company Ashbon Services for 6M GBP

Acquisition Context
  • This is Johnson Service Group’s 1st transaction in the Consumer Services sector.
  • This is Johnson Service Group’s 5th largest (disclosed) transaction.
  • This is Johnson Service Group’s 3rd transaction in the United Kingdom.

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M&A Deal Summary

Date November 30, 2015
Target Ashbon Services
Sector Consumer Services
Buyer(s) Johnson Service Group
Deal Type Add-on Acquisition
Deal Value 6M GBP

Target Company

Ashbon Services

Grantham, United Kingdom
Ashbon Services Ltd. is a specialist linen hire and laundry business based in Lincolnshire. Ashbon, which serves the catering, hotel and leisure industries from its processing plant in Grantham.
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Buyer Overview 1

Buyer

Johnson Service Group

Cheshire, United Kingdom

Category Company
Founded 2007
Sector Business Services
Revenue 52M GBP (2012)
DESCRIPTION

SGP was established in 2007 and provides managed facilities and property services under long-term contracts to clients in the healthcare, education, corporate and retail sectors.


Deal Context for Buyer #
Overall 3 of 7
Sector: Consumer Services 1 of 3
Type: Add-on Acquisition 3 of 7
Country: United Kingdom 3 of 7
Year: 2015 2 of 2
Size (of disclosed) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-01 London Linen Supply

Southall, United Kingdom

London Linen Supply are proud to offer an expert linen hire and laundry service to independent and group restaurants in London and across the UK. he family-run business has retained its core values throughout its 80 year history serving the restaurant trade.

Buy £65M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-01 Zip Textiles

Birmingham, United Kingdom

Zip Textiles (Services) Ltd. manufactures bed, table, and kitchen linen. Zip, which serves the high volume hotel and leisure sectors from its processing plant in Birmingham.

Buy £15M