Benchmark International is delighted to announce the sale of Birmingham-based company, Software Enterprises (known as Global Rostering System – GRS), to Totalmobile.
Established in 1995, GRS is a software development company that has produced its own computerised rostering system which builds efficient staff rosters and ensures the right staff are assigned to the required locations and shifts. The product is best suited to the emergency services and 24/7 operations with customers predominantly hospitals, police forces and ambulance services. Solutions are currently being used to roster over 100,000 emergency services field-workers in the UK.
Totalmobile develops and supplies enterprise application software that manages the workflow of mobile workers. It is backed by private equity company, Horizon Capital.
Going forward, GRS’ software will be rebranded and integrated into Totalmobile’s comprehensive suite of SaaS field service management products.
The acquisition is taking place to support Totalmobile’s aim to become the “preeminent field service management provider within the UK’s public services, housing, property and facilities management, infrastructure, transport and logistics sectors”.
Mark Rogerson, Chair of Totalmobile commented: “Following a transformational 2019, which saw Totalmobile deliver 70% revenue and 295% EBITDA growth, the acquisitions of Lone Worker Solutions and Global Rostering System creates further scale, offers entry into new market verticals and brings new, market-leading technology to enhance Totalmobile’s market-leading FSM product suite.
“The combination of the companies will see Totalmobile become one of the largest independent FSM companies globally.”
Andrew Roberts, Associate at Benchmark International, commented: “We are delighted to help achieve the sale for Gil and Peter. We wish Gil a very happy retirement and Peter every success in the future with the business. We have no doubts that Totalmobile will be a fantastic home and that both companies have a very bright future.”
The sellers were advised by Benchmark International as lead adviser, and Primas as their legal firm.
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Call Benchmark International today if you are interested in an exit or growth strategy or if you are interested in acquiring.
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Benchmark International’s global offices provide business owners in the middle market and lower middle market with creative, value-maximising solutions for growing and exiting their businesses. To date, Benchmark International has handled engagements in excess of $6B across 30 industries worldwide. With decades of global M&A experience, Benchmark International’s deal teams, working from 13 offices across the world, have assisted hundreds of owners with achieving their personal objectives and ensuring the continued growth of their businesses.