Pareto Facilities Management (FM) has entered a new phase of growth following a significant investment partnership with Pictet Alternative Advisors. This strategic move comes on the heels of Pareto FM's successful sale of NVM Private Equity's interest, which yielded over four times the initial investment. Pareto FM, under the stewardship of CEO David Richards, has seen remarkable growth, tripling its revenue and expanding its team to 509 employees since the £18 million management buy-out in 2021.
The partnership with Pictet is poised to bolster Pareto FM's technical services and extend its portfolio of value-add service lines. The firm has already made a name for itself, earning accolades such as spots on the IWFM Awards and the South Fast Growth 50 of 2023, largely due to its commitment to Environmental, Social, and Governance (ESG) principles.
David Richards, CEO of Pareto FM, expressed gratitude for the support received from NVM Private Equity, which was instrumental in the company's rapid growth. He also conveyed enthusiasm for the potential advancements that the partnership with Pictet promises. Andrew Hulbert, the founder of Pareto FM, will continue to serve as vice chair, focusing on enhancing service offerings and furthering the company's market influence and diversity initiatives.
The investment by Pictet Alternative Advisors aims to further Pareto FM’s provision of technical hard FM services to its blue-chip clients globally, enhancing technological capabilities and service delivery. This development marks a significant milestone for Pareto FM as it continues to expand its presence in the facilities management sector.
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