BDO has advised the London Borough of Merton (“LBM”) on the successful sale of its subsidiary, CHAS 2013 Limited (“CHAS”), to Thoma Bravo backed Veriforce LLC in the USA.
Founded in 1997 and headquartered in Merton, London, CHAS has been a leading provider of health and safety (H&S) assessments, focussed on improving safety in the working environment. Across its primary accreditation channels, CHAS is now a leading provider of award-winning risk management and compliance services.
As a co-founder and pioneer of the Safety Schemes in Procurement (SSIP) and the Common Assessment Standard, CHAS leads the way in setting compliance benchmarks that raise supply chain risk management standards.
Veriforce is a recognized leader in delivering comprehensive, integrated supply chain risk management solutions that help bring workers home safely and optimize business performance.
The combined group creates a global platform of technology and services, empowering over 3,200 leading companies in over 130 countries with over 80,000 contractors and millions of individual workers to drive safety and compliance practices throughout their supply chain.
LBM was advised by BDO’s M&A team, which provided sell-side lead advisory to the shareholders.
“It was a pleasure working with BDO, being able to draw on their years of experience and in-depth M&A knowledge. They offered clear and efficient guidance throughout the process to ensure a positive outcome with minimal disruption to the wider business. I would not hesitate to recommend them and would be delighted to work on future opportunities with the team at BDO.”
Ian McKinnon, Managing Director, CHAS
“We are delighted to have worked with the London Borough of Merton on its sale of CHAS. The project represents a great result for all involved and we are very pleased to have helped CHAS find a new partner in Veriforce LLC, to continue their growth journey.”
Helen O’Kane, Partner, BDO