Quantum Risk Management Limited, trading as Quantum Compliance, has been acquired by Marlowe plc for a total enterprise value comprising an upfront cash consideration of £4.0 million and contingent consideration of up to £3.2 million on the achievement of certain targets.
Quantum is headquartered in Worcestershire. It was founded in 2003 by Mark Ball, Gordon Allan and Phil Jones, together with investment from funds managed by Birmingham based Midven.
Quantum is a leading provider of health and safety consultancy services to commercial organisations across the UK. Quantum conducts health & safety audit and consultancy services for approximately 8,000 commercial properties each year, providing specialist advice on managing health and safety risks and ensuring compliance with a wide variety of health & safety regulations.
Marlowe plc is a specialist services group focused on developing companies which assure safety and regulatory compliance.
Bracebridge advised the shareholders of Quantum on their strategic options and advised on the sale to Marlowe. Andy Moore, Managing Director, commented: “We are delighted with the outcome of this transaction for all parties involved”.
Alex Dacre, Chief Executive of Marlowe plc, said: “Following our recent acquisition of William Martin, the addition of Quantum to the Group further strengthens Marlowe’s leading position in the property-related health, safety and compliance sector and enhances our ability to provide an end-to-end solution for our customers’ safety and regulatory compliance needs.”
Tony Stott, CEO of Midven, commented “We have worked closely with the Quantum management team who have grown the business significantly since our original investment and are delighted with this outcome which delivers strong returns for our investors whilst providing a good home for the future development of the business.”
The senior management team, including Mark Ball, Gordon Allan and Phil Jones will remain with the business.
Legal advice to the vendors was provided by Paul Bennett of George Green.