Project management and property consultancy company Capital and Provincial has been sold to Leicester-based Bellrock Group in a deal overseen by KBS Corporate.
Established in 2010, Capital and Provincial provides project management, quantity surveying and property consulting services.
The company has a team of more than 20 consultants at its offices in Farnham, Surrey, and central London.
Bellrock Group, headquartered in Leicester, is a provider of workplace and property management solutions with a turnover of £170m.
Its team of 1,600 property and facilities professionals is located at 70 sites across the UK, working on behalf of clients with access to 700 suppliers.
“I’m excited by the opportunities the acquisition holds for us,” said Andrew Chisholm, Capital and Provincial managing director.
“Being part of the Bellrock Group will open the door to scale and capabilities, whilst keeping the things that make us successful – our people, our relationships and our culture.
“This package will enable us to strengthen our offering to our clients and continue to deliver our growth ambitions.
“With exposure to new sectors, regions and clients, I’m especially positive about the career development potential for our Capital and Provincial people who make me proud every day.
“It’s an exciting time for our clients and people alike.”
Paul Bean, Bellrock Group CEO, added: “Capital and Provincial’s stable of loyal clients and enviable portfolio is testament to the depth of their capabilities and their exacting standards in delivering successful projects for clients who can now benefit from the offerings of the wider Bellrock Group.
“I look forward to collaborating with the team as we explore the exciting opportunities ahead.”
Daniel DiMarco, KBS Corporate Deal Executive who oversaw the transaction, said: “The company received a good amount of interest and eventually decided to move forwards with Bellrock Group, which is backed by private equity.
“This was due to them believing in the potential for synergy, as well as being excited by the idea of being part of a larger group of companies and continuing to drive the business forwards.
“Bellrock has acquired a well-respected and profitable company which has been successful for over a decade, with a team of four highly knowledgeable and experienced directors that had built up a significant and loyal client base.
“I believe the outlook for the companies is extremely bright and I’m sure they will continue to go from strength to strength.”