AMC Commercial Cleaning is eyeing further acquisitions as part of its expansion strategy, after purchasing FaB Cleaning Services and New Zealand-based Metro Cleaning this month.
Accounting firm PKF Kennedy was responsible for the sale of South Australia-based FaB Cleaning Services, which was completed earlier this month.
FaB was placed into voluntary administration in September 2016. At the time, it was understood to have debts of almost $2 million.
“There really wasn’t much left of FaB,” AMC Commercial Cleaning CEO Stephen Coade, told INCLEAN.
“We managed to buy what remained of the contracts and the business’s franchisees, who were happy to move across and begin working with us after we offered the same terms and conditions they had at FaB.”
The remaining franchisees from FaB Cleaning Services will soon commence operation as AMC Commercial Cleaning and report to the company’s head office in South Australia.
AMC grows New Zealand presence
The purchase of FaB follows AMC’s acquisition of New Zealand-based cleaning company Metro Clean on December 1.
Coade said AMC engaged in the services of a broker about six months ago to help it find new business opportunities in New Zealand.
“We determined that Metro Clean would be a good fit for our business,” Coade said.
Metro Clean primarily services high-rise buildings in Auckland’s CBD, an area AMC is keen to expand in.
“While AMC carries out some work in the south island, we’re mainly focused on expanding in New Zealand’s north island, especially in Auckland and Wellington,” Coade said.
“Over the next 12 months, AMC Commercial Cleaning will continue to look to expand via more acquisitions not only in Australia and New Zealand, but in Canada as well.
“Canada has similar laws and business structures to Australia – they also speak the same language – which is why it made sense for us to look over there for opportunities.
“The commercial cleaning sector in Australia and New Zealand is strong and continues to improve. We want to take advantage of that by growing both organically and via more acquisitions.”