Arcus FM, a leading national provider of technology-driven facilities management solutions, today announces the successful acquisition of Triosgroup Limited and its subsidiaries (“Trios”), a hard facilities and property-related solutions provider. The strategic merger marks a significant milestone for both companies, representing a powerful union that promises to drive growth and innovation in the facilities management sector.
Trios, headquartered in Erdington and with offices in Cirencester and Leeds, has been on a remarkable journey of transformation under the guidance of Rcapital since its acquisition in March 2020. At the time of acquisition, Trios faced severe financial challenges, with monthly trading losses of £1.5 million and an impending closure under its previous owner, SPIE Group. However, with the support of Rcapital’s industry expertise and a dedicated leadership team, Trios underwent a rapid and impressive turnaround.
The collaboration between Rcapital and Trios’ management led to the implementation of a comprehensive restructuring plan. The business successfully navigated a complex carve-out from SPIE Group as well as dealing with the immediate difficulties of a nationwide lockdown announced three days post acquisition. Through strategic decisions such as a Company Voluntary Arrangement (CVA), operational streamlining, and focused investment, Trios demonstrated exceptional resilience and agility during a period of unprecedented challenges.
The steadfast commitment of Trios’ employees, subcontractors, and clients, combined with a robust improvement plan, culminated in the Group’s resurgence. Significant investments in a custom Computer-Aided Facilities Management (CAFM) system, Atlas, and the ClearVIEW property platform as well as operational improvements formed the bedrock for enhanced service quality, compliance, and profitability. Trios’ dedication to excellence led to winning new contracts and expanding services, solidifying its position in the industry as well as being nominated for IFT business turnaround of the year in 2021 and 2022.
Trios’ strategic vision extended beyond its core operations. The acquisition of Airedale Maintenance Services Ltd in December 2022 further bolstered its foothold in the North of England, adding valuable expertise and capabilities to its portfolio. This strategic move reflected Trios’ commitment to delivering top-tier services across diverse sectors, including Commercial, Industrial, Healthcare, Education, Retail, and Leisure.
In August 2023, Trios reached an exciting new chapter as it officially became a part of the Arcus FM family. The acquisition represents a seamless cultural fit, uniting two organisations with shared values and a common commitment to innovation and client satisfaction. This strategic alliance positions Trios to propel its growth and development, tapping into Arcus FM’s extensive resources and industry leadership.
Chris Green, Chief Executive Officer at Arcus FM, emphasised the strategic significance of the acquisition, saying, “The mobile capability of Trios, its use of technology, and the way it serves its customers made it attractive as we look to add scale and bolster our service offering – and we’re looking forward to working with the team there to see how we can collaborate and integrate to drive outstanding facilities management across the country.”
Nick Alexander, CRO and Chairman, commented: “As part of the dedicated team that navigated one of the most intricate turnarounds in my career, I am very proud of our collective achievements. Our unwavering commitment, even amidst challenging circumstances, including the unprecedented backdrop of a pandemic, has been truly exceptional. The success of this acquisition by Arcus FM is a testament to the resilience and relentless efforts of our entire team. As we step into the next phase of the business, I extend my heartfelt wishes for continued success to everyone involved.”
Phil Emmerson, Chief Operating Officer of Rcapital Partners LLP commented, “The sale of Trios to Arcus FM represents an exciting outcome for the loyal and dedicated management team, employees, subcontractors, and clients of Trios who have shown unwavering resilience, determination, and dedication in delivering an impressive turnaround during some of the most challenging of circumstances. We wish everyone at Trios and Arcus FM the very best of success for the future.”