Over 600 Yorkshire jobs saved as Complete Business Solutions is acquired by EVO

The EVO and CBS teams worked together to deliver the transaction following a “challenging” period.

EVO notes it is “delighted” to have secured an outcome which ensures the survival of CBS and securing jobs for all its employees across the UK.

Andrew Gale, CEO of EVO 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 the CBS employees and most importantly maintain excellent service to the CBS customers.”

CBS is a leading provider of business supplies and services, and secured over £100m sales in 2022. Tim Vance, joint administrator at EY Parthenon, added: “We are pleased to announce the preservation of the entire business following its sale to EVO.”