OJ Health and Safety Solutions has received substantial investment from Newable Compliance in a transaction overseen by Charles Needham, KBS Corporate deal executive.
Ossett, West Yorkshire-based OJ is a health and safety specialist, providing training, consultancy and assessment services to national clients.
Since its formation in 2007, the business has developed its retained service package, encompassing one-to-three-year agreements to deliver 24-hour support.
Additional services provided by OJ include asbestos surveys, fire safety, health assessments and comprehensive accident investigations.
Charles Needham advised: “Much of OJ’s value came from its potential. The shareholders had been growing the business exponentially over the last few years with limited marketing efforts.
“The majority of OJ’s turnover was on a contracted basis, and when comparing this to the profit margins achieved by the business it was a very appealing opportunity.”
Founders Kelly and Neil Denning were looking for the right buyer that would provide the necessary resources for future growth while enabling them to retain an interest in the business.
Newable Compliance has acquired a majority stake in OJ to expand its investment portfolio. The organisation provides long-term strategic investment to businesses focused on supporting SMEs in meeting their compliance obligations.
To fulfil its ongoing goals, Newable Compliance intends to invest in three to four businesses on an annual basis.
Neil Denning commented on the deal: “Since OJ’s establishment in 2007, our mission has been to offer a streamlined solution for both SMEs and large organisations in need of a reliable and straightforward safety partner.
“Now, with the backing of Newable Compliance’s investment, we are poised to extend our service to a wider audience of SMEs seeking to fulfil their health and safety obligations. This strategic partnership enables us to provide an even greater number of businesses with the necessary tools and guidance to navigate the complex landscape of health and safety.”
Bruce Gordon, co-chair of Newable Compliance, said: “We are thrilled to embark on a collaborative partnership with the team at OJ. Together, we aim to accelerate the growth of the business. By joining forces, we can leverage our collective expertise to scale the business, broaden its reach and enhance the delivery of innovative health and safety solutions.”
Charles Needham added: “It was enjoyable working alongside Newable Compliance during this transaction. I was extremely pleased with how they conducted themselves as a purchaser and would love to work with them again.
“I am delighted with the outcome of the sale and to have been involved in the process. By working with Kelly and Neil through negotiations, we secured a deal that fairly reflected the value of their business.”
During the sale, OJ was supported by Guvvy Sandhu and James McKimm of Mackrell Solicitors.
