Orbis Protect provide a range of vacant property management and lone worker protection services to public and private sector clients throughout the UK.
Employing over 400 staff across its network of 19 depots, Orbis works with local authorities and housing associations as well as major commercial organisations, including retail chains and commercial property managers. The company is responsible for securing 30,000 void properties, protecting 35,000 lone workers annually and provides property and inspection services to a further 60,000 properties.
The business has delivered consistent double-digit year-on-year organic EBITDA growth and made their debut on the Sunday Times’ Profit Track in 2020, ranking 8th.
We initially backed Guy Other and Ben Howard in 2018 to support Orbis to deliver its technology and people strategies. The deal was led by Andy Skinner, Director and Head of Midlands with support from Kevin O’Loughlin, Phil Frame and Dan Matkin.
Since 2018, the business has strengthened its leadership team, has launched seven new services to support its customers, and delivered a number of operational efficiencies. Orbis has also grown revenues at a CAGR of 17%, added to its technology capabilities through the acquisition of Optosafe, a 360-degree CCTV tower provider, and increased employee engagement.
In June 2021, following a successful three year partnership, we sold a majority stake in Orbis to growth investor Synova to support its next phase of growth. The deal delivered a strong return for NorthEdge Fund II and includes a material reinvestment into Orbis alongside Synova.
This investment will see both NorthEdge and Synova continue to support Orbis’ growth, organically and through acquisition, focusing on increasing the business’ products, services and technology solutions, broadening its addressable market and potential European expansion.
Kevin O’Loughlin, Investment Director at NorthEdge, said: “It has been great working alongside Guy and Ben over the last three years. They understand how to run a business well, recognise the importance of their people, and have consistently traded ahead of plan. They, alongside the rest of the management team, have worked incredibly hard and I’m looking forward to seeing the business continue to grow over the coming years.
“With significant future growth prospects, both organic and through strategic acquisitions, finding the right investor was critical for Orbis. Synova’s experience means they are the ideal partner to support the business on its next phase of growth and we are excited to remain part of the journey.”
Ben Howard, CEO at Orbis added: “We’re looking forward to the next step on our growth journey with Synova and NorthEdge. Their support provides us with a fantastic opportunity to invest more into new technology, products and services, building on the great progress we have made in the last three years and allowing us to continue providing the best experiences for our customers and colleagues.”