The Leading News & Information Service For The Facilities, Workplace & Built Environment Community

Wednesday, 27 May

United Capital Acquires Saltire Facilities Management in Largest Deal To Date

United Capital Acquires Saltire Facilities Management in Largest Deal To Date

United Capital completes its largest deal to date as they acquire national central heating and electrical services firm, Saltire Facilities Management.

United Capital, which acquired former Scotland Top 500 company, McGill, and Angus-based electrical services firm, Alliance Electrical in 2019, has significantly expanded its portfolio with the acquisition of Saltire Facilities Management, a company with over 320 direct employees and annual turnover of circa. £30million.

Glasgow-headquartered Saltire Facilities Management, was founded in 2000 as a public/private partnership with North Lanarkshire Council to operate as an in-house facilities division, which was later sold by to the major shareholder. Saltire is currently one of the UK’s largest central heating and electrical service providers with offices across Scotland and South West of England.

 

"Our experienced team of staff, operatives and managers will continue to run the business on a day-to-day basis with the added support of Graeme and his team. It is an exciting time for Saltire as we join the United Capital family."

–John Reynolds

General Manager, Saltire Facilities Management

Buy-and-build strategy

 

United Capital CEO, Graeme Carling commented: “Our team are delighted to get this deal over the line, Saltire is an exciting addition to the United Capital family. Saltire are exactly the type of business that we are looking to acquire, they are a profitable business, deliver facilities management services on large public sector contracts and most importantly have a solid and vastly experienced management team leading the company.

“The existing staff, operatives and management will remain in place and it will be business as usual. Saltire’s customers will continue to receive exceptional service from the same fully qualified and experienced team. The United Capital Board of Directors will be on hand to support and grow the company moving forwards.”

Saltire Facilities Management General Manager, John Reynolds added: “The team at Saltire are happy to have completed the sale of the business to United Capital, but of course, the work doesn’t end. Our experienced team of staff, operatives and managers will continue to run the business on a day-to-day basis with the added support of Graeme and his team. It is an exciting time for Saltire as we join the United Capital family.

“This deal is also great news for our customers who will not only continue to receive the same high level of service that they have come to expect, but with the added expertise of the United Capital board and resources of the wider group of businesses, will see Saltire continue to grow and strengthen its position as one of the UK’s largest and leading central heating and electrical service providers.”

United Capital set out its ambitious buy-and-build strategy in December 2019 which sees the company target the acquisition of UK building services and facilities management companies with a collective turnover of £300million over the next three years.

Picture: Graeme Carling, United Capital CEO​

Article written by Ella Tansley

Share


Related Tags


Related Articles

UKWSL Acquires C&M Waste Management

Waste management broker UKWSL has acquired Kent-based C&M Waste Management. C&M announced on their website: “We have recently become a wholly owned...

 Read Full Article
WSP Global Inc And AECOM Deal Moving Ahead

WSP Global Inc. is moving ahead with its acquisition of rival engineering services firm AECOM, as reported by Bloomberg. Neither company has yet made any...

 Read Full Article
Doors Open On Billion Pound Servest-Aktrion Acquisition

Servest Group has acquired Aktrion, an international specialist in manufacturing support services - running critical parts of clients’ operations on a contract...

 Read Full Article
Coal Bowled; Lightening Strike; Cable Cars; and Other Games Afoot

Macro has been awarded a new five-year contract by Transport for London to manage the operations of the five year old Emirates Air Line - the cable car ride built in...

 Read Full Article
EDF Energy Services Buys Imtech

EDF Energy Services, a brand new joint venture between EDF Energy and Dalkia, has agreed to acquire Imtech UK and Ireland from Endless LLP. Imtech UK and Ireland had...

 Read Full Article
Mainstream Appeal

CBRE has purchased Mainstream Software Incorporated after using the firm's products within its Global Workplace Solutions business. Mainstream’s technology...

 Read Full Article
8 Solutions Purchase Brings ABM Acquisition Total to Four

ABM’s UK business and industry group has announced (Feb 28) the acquisition of one of the UK's leading providers of specialist technical cleaning and data...

 Read Full Article
Feel the Power - Contracts and Commitments

Emcor UK is the first facilities management provider to become a Campaign Ambassador the 'Right Waste, Right Place Duty of Care Waste Awareness...

 Read Full Article
Bringing Home the Bacon - SPIE Takes a Slice of EE

SPIE, the M&E engineering, HVAC services, energy and communications company has splashed out and bought EE...no not the Everything Everywhere mobile phone operator...

 Read Full Article
SPIE Catcher - Trios Branding Nabs Biggest Bidder

SPIE has bought the Trios Group. The move that has been on the cards for several months sees SPIE extending its Technical Facility Management business in the UK with the...

 Read Full Article