“The company, supported by new Management, is embracing the rapid, positive change that our transformation strategy is already delivering whilst supporting vital services such as the NHS, Police and food retailers.”
Nick Alexander, CRO, Trios
Trios Facilities Management is a national facilities and property management provider working with a diverse range of clients across public and private sectors.
They operate from a national network of regional offices supported by mobile teams throughout the UK, with over 600 employees and turnover of approximately £70 million.
In 2016 Trios became part of large, international listed group but have since become non-core and underperforming following a cyber-attack materially impacting performance. We approached the vendor directly once we had made aware of the issues faced by the division and successfully negotiated a complex carve out of the business from the wider group.
Management were very positive and open to working with Rcapital, our FM sector knowledge and transaction experience meant that we could complete the deal within weeks of the initial meeting.
Our focus now is to work with the people and Management to identify and foster the parts of the business with greatest future potential – hopefully turning Trios into a successful turnaround in years to come, though without doubt the current COVID-19 situation will be an ongoing challenge .