We are delighted to have provided a £1m funding package to support The Groundcare Company with the acquisition of Complete Ground Management Ltd, both businesses provide landscaping, arboriculture and land management services.
Established by David Elkington in 1990, CGM offers a comprehensive range of landscaping, environmental, arboricultural and pest control services. A registered contractor of The British Association of Landscape Industries (BALI), the business has grown over the last 25 years, building an impressive client portfolio containing utility companies, local authorities, government agencies and academic establishments, commercial and industrial enterprises together with sports clubs, estates as well as many private customers.
The Groundcare Company, founded by Luke Warren has also enjoyed strong growth every year since inception with the client book comprising local councils, limited companies and private residential work. Having worked together previously, Luke has already established a strong relationship with the CGM staff and given the complimentary nature of the business, the acquisition is a good strategic bolt on.
The seven-figure funding will help facilitate the acquisition and by combining the businesses they are poised for even stronger growth. Corporate Finance advice was provided by Elloitt Watts and Sandip Odedra of Integrity Group. Ben Slack and Andrew Curtis at Clarion supported ThinCats on the transaction.
I am delighted to be combining the expertise and experience of TGC and CGM, and leading us through the next exciting phase of development and growth. David has built a business with a fantastic reputation for quality and a team of experienced operatives with both traditional skills and progressive management innovations. ThinCats understanding of our business and values, made them the perfect partner and I look forward to working with them as I expand TGC’s operations.
Luke Warren, Founder of TGC
Ben Kimball, Director Regional Business Development, ThinCats commented: “We are very excited to support TGC in its next phase of growth and work alongside Luke in executing his vision for the Company. Bringing on board the highly experienced team from CGM puts the business in an excellent position to continue growing their core offering and servicing their impressive client base. We are looking forward to working with Luke and the team to continue driving TGC’s growth.”