August Equity LLP (“August Equity”) is pleased to announce that Funeral Services Partnership Limited (“FSP”) has completed an additional two acquisitions in the South East, James & Thomas Limited (“J&T”) and Mears & Cotterill Limited (“M&C”), which consolidates its position in the region.
J&T has a long trading history which dates back to the 1800s. The business operates from two locations, Cobham and West Horsley, which are located in close proximity to FSP’s Woking branch, enabling the business to share resources.
M&C was founded by the Mears Family and has been trading since 1985. The business operates from a single site in Wandsworth, close to FSP’s largest London hub, Gilman Funeral Services.
Since the August Equity managed funds investment in late 2009 FSP has completed 16 bolt-on acquisitions, doubling the size of the original business.
Phillip Greenfield, CEO of FSP, said: “We are delighted with the recent acquisitions. Both businesses are very well established and located close to existing branches which will enable us to realise synergies and offer a greater range of services to the local communities.”
August Equity partner, Aatif Hassan, said: “FSP is one of the fastest growing funeral services providers in the UK. The recent acquisitions fit perfectly into our existing portfolio. The business has a strong pipeline of potential acquisitions, which we expect to complete in 2012.”