Veriforce, the supply chain risk, and compliance management industry’s fastest-growing solution provider, has entered into a definitive agreement to acquire CHAS 2013 Limited.
CHAS 2013 Limited, previously a wholly-owned subsidiary of the London Borough of Merton, is the UK’s leading provider of risk prevention, compliance and supply chain management services and has built a strong reputation for simplifying health and safety prequalification and raising standards of risk management. It has grown significantly in the last five years, responding to increasingly more complex and geographically diverse risk management demands from its customers.
The combined company creates a global platform of technology and services, empowering 3,200+ leading companies in more than 130 countries with over 80,000 contractors and millions of individual workers to drive safety and compliance practices throughout their supply chain. The companies will share a singular mission: to help bring workers home safe.
Colby Lane, CEO of Veriforce, said: “For 30 years, Veriforce has been working with the world’s leading companies to make work safer. It’s more important now than ever, and we know that coming together with CHAS will strengthen both companies’ ability to deliver on our mission
“We’re excited to bring this incredible offering to the market and work with our existing and new clients to build a truly global solution for managing risk in the supply chain.”
Ian McKinnon, CHAS managing director, commented: “We are very excited to be joining Veriforce, who are committed to growing the business both within the UK and internationally. The breadth of capability will enable CHAS to achieve its full potential, enabling the business to diversify into new markets and offer new additional services for the benefit of our clients and customers.”
Colby Lane, added: “Our commitment to CHAS is demonstrated by our plans to maintain CHAS operations within Merton and underlined by Veriforce funding a new £50,000 annual paid internship program for young adults in the local community as well as pledging an annual £50,000 charitable donation to support Merton based businesses.”
Veriforce was represented by Kirkland & Ellis and the London Borough of Merton was represented by BDO LLP and Bevan Brittan LLP.
Further announcements will be made as appropriate.
