Validair acquires Facility Monitoring Systems Limited
Zenon Transaction Services Limited is pleased to announce the acquisition by Validair Monitoring Solutions Limited of the business of Facility Monitoring Systems (FMS), a company located in Malvern, Worcestershire.
Facility Monitoring Systems Limited (a TSI company) has been a well respected company providing environmental monitoring solutions in numerous industries, and this acquisition will further enhance the premier service Validair provide.
Whilst TSI maintain the elements of the business relating to the software development and ownership, Validair will deliver new installations and also support existing installations with service and calibration support.
Validair Monitoring Solutions Limited will be trading as Facility Monitoring Systems and will operate from the existing Malvern offices. Validair are also a TSI authorized distributor, assuring customers of their ability to deliver and support FMS software and system installations.
Stephen Wake, Validair Monitoring Solutions Limited’s Director, said “This is great opportunity for the Validair group, Facility Monitoring Systems and TSI. It is a natural expansion for Validair and the acquisition is great for all our customers.”
Zenon’s Transaction Services team project-managed the transaction for Validair, as well as carrying out accounting and taxation due diligence. Commenting on Zenon’s role, Stephen Wake said “The team has done fantastic work for us”.
Lesley Carrington (Zenon Transaction Services Limited) acting for Validair commented “We have worked very closely with Stephen Wake and Stephen Ward and their legal team over the last few months to secure this expansion opportunity.”
Advisors to Validair Monitoring Solutions Limited
Taxation and Accounting Due Diligence: Richard Price and Lesley Carrington, Zenon Transaction Services Limited
Legal: James Beatton, Irfan Baluch and Katie Gotterson, Vertex Law LLP
Legal: Colin Smith, Outset UK Limited
Advisors to Facility Monitoring Systems Limited
Legal: Carl Selby and Robert Hill, Reynolds Parry Jones
Accounting: Mark Kochevar, Internal (TSI Incorporated)