Senior executives of the Axis Group of Companies, led by group CEO Jonathan Levine, have completed a management buy-out (MBO) of the business from the private equity firm Sovereign Capital.
Along with Simon Giles (group finance director), David Mundell (managing director of Axis Security) and group chairman Roger Burdett, Levine will now wholly own and manage the business.
The business also includes its cleaning and support services arm, the specialist Front of House division Acuity and Astute, its training and consultancy division.
Levine and his team have grown the company to become a services group that now turns over circa £87 million on an annual basis. The last three years alone have witnessed the company grow by more than 50%.
“Sovereign has been incredibly supportive throughout the process,” explained Levine. “An MBO is a ‘win win’ for all concerned, most notably our clients who have the certainty of our commitment as a senior and experienced management team with a proven track record.”
Levine continued: “It’s an excellent time to be leading a strong and successful group, and we continue to invest for the future. There’s a strong market for both security and cleaning services, and we have a dedicated management team that’s capable of taking the group to the next stage in its development.”
The management team has been involved with successful private equity-backed businesses in the past.
“With the support of our clients and our highly-talented colleagues,” concluded Levine, “we will continue to build on our quality service that’s proven and credited to be ‘Best in Class’.”
Rewarding excellence in the workplace
Axis Security is proud to announce that Naomi Austen, the business’ Human Resources director, has won a category of the Islington Office Angels’ Office Professional 2015 Awards.
This is a national competition to identify and reward the very best employees across the country. Office Angels was looking for employees who are at the top of their game and stand out. Not only do those employees need to be well-versed in the latest developments within their sector, but they also need to approach the workplace with a certain attitude which demonstrates a readiness to help, contribute and, ultimately, go above and beyond the accepted modus operandi.
Neil Minter, Axis’ recruitment manager, commented: “Throughout Naomi’s maternity leave this year which, due to a premature birth, meant that her new baby needed a great deal of medical support, she continued to maintain contact with employees and make herself available when needed. Since returning to full-time hours, Naomi has really tackled workplace challenges and is continuing to go above and beyond to support her team and the business. This nomination was our way of showing our appreciation for everything she does for the business.”