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20 January 2021/Acquisition

Forbes Professional announces further expansion within the commercial laundry sector.

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Hannah Forbes

Hannah Forbes

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Forbes Professional announces further expansion within the commercial laundry sector.

Forbes Professional is excited to announce that this week we acquired rental and maintenance accounts from the commercial laundry equipment specialists Ashbank Service Limited.

Owned by Chris Brockbank, Ashbank Service Limited is a well reputed family run company that has been operating for over 60 years in the North East and Yorkshire areas.  We were approached about this opportunity after establishing an inter-company relationship at a global commercial laundry trade show in the US. The transaction aligns with our on-going growth plans and supports Ashbank’s firm commitment to the delivery of a first-class service to their clients. Chris Brockbank says ‘Given the synergy in products, services and culture, we do not doubt that this will be a smooth transaction for all parties. Forbes are highly adept at handling acquisitions and our clients will benefit from the support of a long-established family company with a national presence.’

Transacting during lockdown has been somewhat different to previous acquisitions and we have missed the face-to-face engagement. However, despite the challenges of the current situation and due to the collaborative efforts of both parties we have crossed the finish line. With the new accounts coming from within the healthcare industry, the move further augments that sector as a key growth area for our company.

We are delighted to welcome our new clients aboard. They can rest assured that they will be looked after by a progressive, multi-award winning family company. Whilst being progressive and agile in our approach to business we still hold true to the old-fashioned company values that were established at our inception in 1926. Stephen Edwards, our Finance Director, heads up acquisitions and mergers for Forbes and says ‘After completing a number of acquisitions in 2020, this transaction is a great jump start for our growth strategy for 2021. Our experienced staff are positioned to welcome the new clients to our company and to ensure a smooth integration for everyone involved.’

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