EVO, the UK and Ireland’s largest specialist multi-channel business supplies and services distributor, has acquired the trade and assets of business supplies and services provider Complete Business Solutions (CBS), saving more than 600 jobs across the UK.
With over £100m sales in 2022, CBS is one of the UK’s largest providers of workplace supplies and associated services, including stationery and office supplies, IT and tech support, copier and printing supplies, workspace equipment and installation, PPE and workwear.
EVO CEO Andrew Gale said: “We are delighted to end the uncertainty and bring CBS into the EVO family, which we believe is the best outcome for all. This was very much a team effort, and I am grateful and indeed very proud of the EVO team, our shareholder Endless, and our banking partners Breal Zeta and Leumi ABL, who have worked tirelessly to ensure this acquisition was concluded as quickly as possible.
“CBS is a great addition to the EVO group of companies and will operate as a stand-alone business. Our priority over the coming weeks is to restore stability and confidence for CBS employees and, most importantly, to maintain excellent service to the CBS customers.”
EVO has annual sales of almost £500 million and a completely integrated sales, marketing, distribution and procurement platform that connects leading brands with its partner network. Every year, it processes 28 million order lines on behalf of partners and delivers more than 16 million parcels to businesses through its own transport fleet.
Be First to Comment