Spotless is pleased to announce the acquisition of Nuvo, a leading electrical contracting and technology services firm that will broaden the company’s service capabilities and enhance customer service offerings.
Led by Paul McMurtrie, Nuvo will arm Spotless with an elite team of technical advisors skilled across data platforms, security systems, electrical, high voltage, low voltage, smart systems and building technologies, CCTV, audio visual, lighting and technology integration. In addition, Nuvo has a growing presence in the areas of energy efficiency, solar solutions and battery storage systems.
Nuvo has achieved strong revenue growth and improved profitability after securing a number of significant contracts in the health and university segments. It is expected to be earnings per share (EPS) accretive in FY17.
“This is a modest acquisition of a boutique operation which has strong growth potential, adds to our capability and has a contract footprint in our priority sectors, including tertiary education and health,” said Spotless CEO Martin Sheppard. “It will make a positive contribution to our FY17 result and presents a great opportunity to combine offerings with other Spotless services.”
Nuvo CEO Paul McMurtrie said: “Spotless is a great company with a long and respected history of strong service delivery to customers and the community. We believe this is a very positive development for our customers, management and employees.”
Mr Sheppard is delighted that Mr McMurtrie will continue to lead the business and deliver on its growth plans.
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