AMC Commercial Cleaning acquires rival FaB Cleaning Services

AMC Commercial Cleaning has purchased FaB Cleaning Services Australia in ‘an undisclosed deal’.

AMC Commercial Cleaning has purchased FaB Cleaning Services Australia in ‘an undisclosed deal’, reported The Advertiser on 9 November 2016.

Photo courtesy: www.amcclean.com.au
Photo courtesy: www.amcclean.com.au

Accounting firm PKF Kennedy was responsible for the sale of the FaB, following the company being put into voluntary administration in September ‘with debts of almost $2 million’.

‘At PKF Kennedy’s appointment, FaB had about 246 contracts but that had reduced to 182 by the time a creditors’ meeting was held a fortnight ago’.

According to The Advertiser, former FaB franchisee Sanjeev Gautam ‘was concerned that he would not receive any money,’ as ‘former FaB director Bradley De Luca owes him $100,000 in payments’.

The paper also contacted AMC Commercial Cleaning to determine whether FaB’s franchisees would continue to work for their company.

www.adelaidenow.com.au

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