Caterer Pabulum in management buyout of parent company
Contract school caterer Pabulum has agreed a management buyout of its parent company the Quarr Group.
Hampshire-based Pabulum, along with its sister companies, building maintenance and construction firm Mountjoy and contract cleaning business Nviro, have agreed the purchase.
The Quarr Group offers services for clients including schools, academies, colleges, universities, local authorities, healthcare bodies, social housing providers and commercial businesses.
Managing director of Pabulum Nelson Williams told The Caterer the buyout offered exciting opportunities for the three companies to work together to pursue new projects, but that it would be business as usual for the time being.
Commenting on behalf of the management buyout team, made up of the executive directors from the three companies, a spokesperson said: "We are absolutely thrilled to have acquired The Quarr Group.
"We believe with the right investment in our people we can further develop our already excellent proposition.
"Mountjoy, Nviro and Pabulum's shared desire is to enhance the customer experience and be recognised as leading partners in our respective industries.
"Our values will remain as the cornerstone of our business. Working with our great people we aim to deliver sustainable growth over the coming years whilst maintaining the high standards of service delivery our clients have come to expect."
No changes to the existing staffing or management structure of the group, which has an annual turnover in excess of £70m and employs more than 3,000 staff, across London and the south of England are planned.
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