Your Places, Our Care.
New horizons for Facilities First under the ownership of Serco Group
Our strength as a business has never been more evident. We have navigated the challenges of 2020 with our heads held high.
The next stage of our exciting journey is now here as we announce that Anchorage Capital Partners has sold 100% ownership of Facilities First Australia Pty Ltd to Serco Group Pty Ltd.
About Serco Group
Serco Group Pty Ltd specialises in the delivery of essential public services, with over 12,000 people working in the Asia Pacific Region across defence, transport, justice, immigration, healthcare and other citizen services.
Serco Group is ultimately owned by Serco plc, a company which is listed on the London Stock Exchange and operates in four key regions: UK & Europe, North America, Asia Pacific and Middle East.
A stronger future together
At Facilities First, we are excited about the opportunities that the Serco ownership gives us to expand on our strong foundations.
Over recent weeks our Board of Directors has worked on a strategy that ensures continued growth into new markets and regions.
The work we have done to date on growing our strategy has seen us reach a revenue of $282 million in the financial year to June 2020. We employee over 3,000 people across Australia.
Facilities First Australia CEO, Ben Bayot, comments:
“This transaction is another step forward in our strategy for growth and our ability to provide continued service excellence to our clients. Both Serco Group and Facilities First believe in the same values and each strive to achieve a high standard of delivery through our people.
The new year will see our Facility Services Management capability strengthen across our Government, Education, Commercial & Health sectors. As one company, we will have the capacity to broaden our reach geographically and provide a wider set of capabilities. Our people and clients will certainly benefit.”
Managing the transition
The transaction of the business is currently being executed and is set to complete on 4 January 2021. We are working closely with the Serco Executive to make that transition program a consultative one.
We look forward to stepping into 2021 and hitting the ground running together with Serco Group.
View the market notice here.
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