Chandler Macleod Group Limited (CMG) announced it had entered into a binding agreement to acquire 100% of the shares in AHS Services Group Pty Ltd for $31.5 million. AHS is Australia’s largest dedicated outsourced service provider to the accommodation sector with a highly recognised brand. AHS commenced operations in 1993 and, today, employs over 4,000 people trained specifically in hospitality guest services at over 140 hotels Australia-wide. AHS is responsible for the provision of accommodation services for over eight million rooms in three to five star hotels per year. AHS has consistently delivered year-on-year growth and the company is on track to achieve double digit revenue growth in the current financial year. Revenue is forecast to be over $120 million in FY 2012.
Chandler Macleod’s Managing Director, Ian Basser, said: “AHS is a managed service business providing annuity-style revenue streams in a sector where it is the undisputed market leader. As a result, AHS is strongly positioned to follow customers into other markets such as New Zealand and Asia, which are important regional growth markets for Chandler Macleod. In addition, it provides us with the opportunity to introduce the highly successful model into adjacent areas.
Chandler Macleod is one of Australasia’s largest workforce advisory and management companies and a leader in sourcing, assessing, developing and managing talent.