HML Holdings plc (AIM:HMLH) acquired Residential Block Management Services Limited for £0.84 million on February 19, 2019. Under the terms of the acquisition, HML Holdings will pay a consideration of £0.68 million in cash and an additional performance related retention payments of up to £0.17 million which will be subject to the achievement of certain criteria and will be payable 12 months from the acquisition date. The transaction was financed through HML Holdings' existing facilities. Residential Block Management Services reported annual revenues of £0.80 million for the year ending on December 31, 2018. The founders and current managers of Residential Block Management Services will remain as consultants to assist HML in the assimilation and integration of the business. RBMS' employees will remain with the business and operating from its existing offices. Ed Frisby, Giles Rolls, Camille Gochez and Tim Harper of finnCap acted as financial advisor to HML Holdings in the transaction. HML Holdings plc (AIM:HMLH) acquired Residential Block Management Services Limited on February 19, 2019.