Mergers & Acquisitions, PROVIDER GOOD NEWS, Welfare to Work

Interserve buys BEST

Interserve has acquired Business Employment Services Training Limited (BEST), a provider of training and development for job-seekers and employers.

Interserve, the FTSE 250 support services and construction company, has paid an initial consideration of £17.5m.

A further consideration of £0.75m is payable once the completion of accounts has been agreed.

BEST’s annual revenue is £17m, and it has generated operating profits of £3m with gross assets valued at £2m.

Adrian Ringrose, Chief Executive of Interserve, said the acquisition of BEST

“builds on our existing relationships with both the DWP and the community in Leeds and the surrounding area, provides a foundation for offering more broadly-based community services and enhances our role in training and skills development.”

Interserve partnered with TBGLearning and were success Work Programme bidders in the South West and Wales

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