“Scopes fits our acquisition criteria perfectly – 27 years of continuously profitable operations is an enviable track record, we intend on working with Kevin Williams as incoming CEO to build on this record of success” said Michael Meekins, President of Westbridge. Meekins continues, “we are also very happy to have Jason Thomas continue as a partner with us and contribute his immense knowledge through his participation on the Scopes board of directors.”Former Chief Executive Officer and newly appointed board member Jason Thomas said, “It has been a great honor to have served as CEO and help build Scopes into a premier facility services company. I’m looking forward to a partnership with Westbridge, as a director of Scopes, and continuing my 20-year working relationship with Kevin Williams as he leads Scopes on this exciting path to the future.”
Newly named Scopes Chief Executive Officer Kevin Williams said, “I’m looking forward to stepping into the role of CEO with Scopes. We have a number of ideas to accelerate growth, leveraging our dynamic employee base.” Williams previously served as the coompany’s chief operating officer.
Financing for the acquisition was arranged by Westbridge Capital Partners Income Trust, a mezzanine debt fund managed by Westbridge Capital Ltd.