MHA advises Manchester headquartered Jordon Group on merger with fast-growing Bellrock Group
November 12th 2024
A family-run Manchester firm that provides refrigeration, air-conditioning and shopfitting services has merged with a London headquartered provider of property and facilities management services, a deal supported by the corporate finance and tax teams at MHA.
The Jordon Group, founded in 1965 as E Jordon Refrigeration Ltd, has merged with Bellrock Group, a trusted provider of technology and expert led property services to well-known organisations across the UK.
The Jordon Group has grown revenue to £40m and staff numbers to 120 under the leadership of MD Paul Jordon. It serves clients in the fuel station, hospitality, leisure, and retail sectors across the UK and notable clients include Euro Garages (EG), Motor Fuel Group (MFG), and Center Parcs.
Following the merger, The Jordon Group will sit within Bellrock’s workplace services business under the leadership of managing director Nicky Denny.
The strategic merger will deepen Bellrock’s capabilities in self-delivered critical engineering to enhance value for current clients while opening up opportunities for new clients and expansion into new sectors.
MHA’s corporate finance and tax advisory teams advised The Jordon Group on its merger with Bellrock Group. Our corporate finance team included partner Andrew Feeke, director Rob Holgate and manager Robbie Taberner, while our tax advisory team was led by partner Colin Abrahams with support from director Hasan Hashmi and assistant manager Muhammad Desai.
Peter Allen, Alex O’Donoughue and Miranda Foy from the Manchester office of law firm Browne Jacobson provided legal advice to the vendor.
Carlo Alloni, Bellrock Group CEO, said:
I’m delighted to welcome the Jordon Group team to Bellrock Group in the latest in our continued investments in technical capabilities and technology that fuel our growth.
This merger represents a powerful alignment of our values and strengths. By combining Bellrock’s expertise in property services and technology with The Jordon Group’s deep knowledge of HVAC, refrigeration and retail fit-out, we are positioning ourselves to deliver even greater value to our clients through our critical engineering offering.
Together, we will continue to challenge industry norms and provide innovative, tech-driven solutions that empower our clients to make strategic, data-backed decisions.
Paul Jordon, managing director of The Jordon Group, said:
I’m extremely proud of my team and the growth we have achieved to become the respected business we are today. Their hard work has led us to this next exciting chapter where we join a £230m multi-disciplinary organisation and unlock the opportunities that come with that for our clients and people.
We’re looking to working in partnership with our new colleagues to develop innovative new solutions for our Bellrock and Jordon clients alike. We have an exciting future ahead.
Robbie Taberner, corporate finance manager at MHA, said:
We’re proud to have supported Paul, Richard and the team as The Jordon Group embarks on the next chapter of its illustrious 60-year history as part of Bellrock Group.
Peter Allen, partner at Browne Jacobson said
It's been a pleasure to advise this longstanding North West family business on the next stage of its growth story through this merger. A great result for Paul and the team and a great platform for Bellrock.
Founded in 2003, Bellrock Group has grown to become a £230m business with services organised under four delivery pillars: technology, workplace services, critical engineering, and consulting.
Headquartered in London and with 10 offices nationwide, it has a team of 1,600 professionals supporting clients including NHS trusts, universities, government bodies, and top UK brands like Costa, Pizza Express, and Marks & Spencer.
This merger represents a significant growth opportunity for both businesses, allowing The Jordon Group to benefit from significant new investment, resources and expertise, while enabling Bellrock to further grow and enhance its offering to customers.
