Orbis Education and Care, which currently supports 70 children and adults and employs around 400 people across its seven services in South and Mid Wales, has announced the acquisition of Bangeston Autism Care Services in Pembrokeshire.
The acquisition, which has been supported by a multi-million pound finance package from HSBC, will add a further four services and more than 90 staff to the group. A new specialist school and two new adult homes will also open before the end of the year in Swansea and Cardiff, will double the size of the business, making 2017 a milestone year for Orbis.
Talking about the acquisition, CEO of Orbis Education and Care, Mike Currier, said: “We are very excited to welcome the staff, residents and parents from Bangeston Autism Care Services into the Orbis family.
“We already have a great presence around the rest of Wales, including Presteigne and Brecon in Mid Wales and along the M4 corridor between Newport and Port Talbot, so we are thrilled that our first major acquisition is in the West.”
Mike added: “Bangeston Autism Care Services has an inspiring team, great service users and wonderful homes in Haverfordwest, Pembroke Dock, Lydstep and Saundersfoot. This is a really exciting addition to the group, and it demonstrates our ambition as a provider of specialist services for children and adults with autism.
“2017 continues to be a busy year for us at Orbis, and the acquisition of Bangeston further reinforces our status as one of the UK’s leading providers of specialist education and care services for children and adults with autism.”
Warren Lewis, HSBC’s Head of Corporate Banking in South Wales, commented: “Orbis is a top tier operator in its sector and one that HSBC is proud to be associated with. We’ve been talking to the management team for a number of years now so we’re delighted that we’ve had the chance to support the acquisition and refinance the business to enable it to expand further. The competitive deal, led by Alex Loxton, will not only bring two companies together but create a large number of new jobs for the local economy.”
Partner at Blake Morgan, Robert Cherry said: “This latest acquisition is a significant addition to Orbis’ portfolio of high quality residential care and education facilities across South Wales and complements its ambitious growth plans.”