Cleaning and maintenance firm bought by growing group

Blackburn-based Your Castle Caretakers has been acquired by the Oltec Group of Wigan.

Your Castle Caretakers was established in 2013 and specialises in commercial cleaning, facilities management and maintenance for clients operating in both the state and independent education sectors in the North West.

Oltec Group provides o building maintenance, security, and cleaning services. Its broad client base is spread throughout the UK and includes companies in various industries. The firm is based in Wigan and was established in 1974. The deal will help Oltec grow its presence in and share of the North West’s education market.

The value of the share sale has not been disclosed, although all of Your Castle Caretakers’ staff and clients have been transferred to Oltec Group as part of the acquisition.

Lionilde Laverman, managing director at Your Castle Caretakers, said: "After years of hard work and dedication, now felt like the right time for us to sell. Oltec Group’s infrastructure, reputation and reach will, I’m sure, aid the firm’s growth and we wish them all the best.”

Olivier Cavaliere, CEO of Oltec Group, said: "We are delighted to welcome Castle Caretakers into the Oltec Group. Over the years, Castle Caretakers has built up a strong reputation and is a fantastic addition to our offering. This deal is another step in our ambitious growth strategy.”

Ryan Bilsborough, corporate finance manager at PM+M, handled the key elements of the sale including a highly confidential and targeted marketing strategy as well as the negotiation process. The sale was agreed and completed in just eight weeks.

Ryan Bilsborough commented: “We were delighted to secure a deal for Your Castle Caretakers, a valued client of PM+M for many years. The deal secures the future of the business and will be a fantastic addition to Oltec Group’s growing portfolio.”

Other advisors involved in the deal included Sonio Singh, corporate and commercial partner at Davis Blank Furniss, and his colleague Lauren Sever, associate solicitor, who acted for Oltec Group; and Rebecca McCann, senior associate at Forbes Solicitors, who acted for Your Castle Caretakers.