Alcumus Acquisition of Safety Management & Monitoring Services
Martin Smith, Chief Executive Officer at Alcumus, shares his vision for growth within the TIC and GRC markets.
Alcumus is a market-leading provider of technology-enabled compliance risk management and certification services. With a growing UK and global client base the company assists customers with their Testing, Inspection & Certification (TIC) and Governance, Risk & Compliance (GRC) strategies.
Backed by Sovereign Capital, the UK´s private equity ‘Buy & Build’ specialist, Alcumus has flourished through a judicious combination of organic growth and successive acquisitions. The business continues to deliver an extensive range of risk management services through Alcumus Sypol, Alcumus Info Exchange, Alcumus ISOQAR, Alcumus Drury PSM and now Alcumus SM&MS.
CEO Martin Smith has over 25 years of business leadership experience within the compliance, certification and business advice sectors. The most recent acquisition of Safety Management & Monitoring Services Limited (SM&MS) adds further strength to the Alcumus service offering and is ‘business as usual’ for the Alcumus leader.
Responsible for Alcumus’ strategic development and organic growth plan, Smith has already managed four successful acquisitions which are already well and truly integrated within the business and is proud to announce the addition of a fifth ‘bolt-on’ – Alcumus SM&MS.
Smith is no stranger to the world of standards and compliance. His previous roles include Managing Director of Croner, Executive Director of Wolters Kluwer UK, Commercial Director of BSI (British Standards Institution), INSPEC Publishing Director at the Institution of Engineering and Technology (IET) and Business Development Director for the Thomson Reuters’ regulatory online business GEE.
Besides his own passion for success, Smith has been actively supported on his ‘Alcumus journey’ by Dyson Bogg from Sovereign Capital, the UK-based ‘Buy & Build’ private equity specialist that initially backed Alcumus in August 2009 and whose funding and transactional expertise has since provided a robust backbone to the development of the Alcumus Group.
The addition of Alcumus SM&MS to the corporate offering precedes Alcumus’ declaration of yet another year of double digit organic growth in the 2014 financial year. With revenues growing organically by 10% against an industry backdrop growth of 4-6%, the successes of 2014 can be felt throughout each operational and sales team within Alcumus and the latest organic growth results showcase an impressive 12 quarters of consistent and unbroken organic growth across the Alcumus portfolio and c. £7M of profit.
“The acquisition of SM&MS represents a significant development in our GRC and accredited inspection strategy, extending the range of integrated risk management solutions available to our customers,” says Smith. “The services provided by SM&MS are poised to accelerate Alcumus’ penetration of legislatively-driven compliance markets, particularly around property and workplace risk. Many of the additional consultancy services delivered by SM&MS are underpinned by SaaS software enabling clients to proactively manage health & safety issues and contractor risk – a concept that complements our current software, consultancy and monitoring offering. Additional safety monitoring and H&S risk management services, particularly around asbestos, legionella, fire monitoring and inspection complete our portfolio and further enhance our credibility in this space.”
Established in 1994 and based in Huddersfield, SM&MS supports a long-established national client base. Over the last 20 years the 80-strong business has supported more than 1,600 companies across 60,000 projects and is considered a leader and innovator in the property sector with over 10,000 risk assessments delivered last year alone.