idverde have confirmed the acquisition of TCL Group. Under the leadership of TCL’s Executive chairman, Simon Cashmore, TCL has established itself as a niche national provider of landscaping, play products and grounds maintenance services to a diverse UK customer base.
With Regional hubs in Derby, Northampton, Dorking and Melksham, TCL has annual sales of £65m and employs over 850 colleagues, delivering its products and services to a range of blue chip and public sector clients. This acquisition expands idverde’s UK portfolio of services, providing a complementary offer to existing clients in both companies and further develops idverde’s extensive national coverage.
idverde Group is Europe’s leading provider of green services with a turnover in excess of €600m, employing over 6,000 colleagues throughout France, Holland and the UK where it is also the market leader in each of the respective Countries in which it operates.
Simon Cashmore and the TCL Executive management team will take up senior roles within idverde.
Doug Graham, CEO – idverde UK commented:
“We have been tracking TCL for some time and have been impressed with the way in which the business has developed and are really pleased to have secured the deal. In addition to its grounds maintenance services delivered through the royal warrant holding Burleys division, with TCL’s Playforce products and services and Housebuilder landscaping services, TCL brings new and enhanced service capability to idverde and it strengthens our strategy to be the green services provider of choice, which is underpinned by our 3,850 directly employed colleagues.I am delighted to welcome Simon and the TCL team to the business as they continue into the next chapter of the journey as part of the idverde team”
Simon Cashmore – Executive Chairman of TCL commented;
“Alongside Simon Abley and a number of close colleagues it has been a huge pleasure to have had the opportunity to lead TCL Group since 2007. Building the business from a single site Midlands based operation into a multi-channel / multi-services organisation, operating across a national footprint. Joining forces with idverde represents an incredibly exciting opportunity for colleagues working within the group and indeed for our customers. The range of services provided by idverde and TCL are complementary and combine to create a really compelling proposition for the enlarged group’s many customers. I would like to thank BGF and Investec, and previously Caledonia Investments plc, for the role they have played in supporting the growth of the business. I look forward to being able to play a part in helping the business continue to flourish within idverde’’