Servest is pleased to announce a comprehensive recapitalisation of its business, laying a solid foundation for growth and future sustainability. 

Finalised in early December, CFO of Servest, Debbie Meyer explained that the transaction received support from lenders, current shareholders and the board. Under the transaction, Servest’s balance sheet has been comprehensively recapitalised, with a substantial reduction in its debt, thereby providing a stable financial foundation for future growth.  

Servest proudly maintains its B-BBEE Level 1 Contributor status, supported by the flow-through benefits of its shareholders individual B-BBEE ownership credentials. 

As part of the recapitalisation, Servest has put in place a new holistic long term funding package in support of its’ strategy and growth.  

Following the transaction, the board will be reconstituted with the current executive leadership team remaining in place to continue to drive Servest’s growth and strategy. Their approach to operational excellence and repurposing of the brand demonstrated momentum towards growing the business, and will play a key role in ensuring continuity through this next phase of development and transformation. 

Servest’s CEO, Rob De Grooth commented, “This recapitalisation is a strategic reset which is in the best interests of all stakeholders. It preserves the operational integrity of the business and protects employment of approximately 17 000 full time and contractual employees. The recapitalisation further supports Servest’s growth ambitions.  

Over the past year, Servest has embarked on a journey to define the provision of enhanced value through the co-creation of solutions with clients. These solutions optimise operations, amplify sustainability, and elevate user experience across client facilities. Our strategy positions Servest as a holistic provider of Specialised Cleaning, Security, Landscaping and Turf, Catering, and Facilities Management services across a defined range of industries, including education, food production, hospitality, manufacturing, and healthcare.” 

Servest’s growing client base 

In early November, Servest was awarded its biggest cleaning contract of 2025, with a prominent retail group. The opportunity has a national footprint across 275 sites.      

Servest also extended its partnership with a leading pharmaceutical company that currently uses its Security, Landscaping and Turf, Hygiene and Facility Management services and will provide cleaning services at their production plant from 1 January 2026. 

The Cleaning Business Unit is also finalising contract discussions with an automotive components supplier in Gqeberha for the provision of cleaning services. The service will provide employment and training to a further 30 cleaners.  

De Grooth thanked the board for their support as well as the new and current shareholders, for their commitment to creating long-term value through integrity and service excellence.