Graeme Carling, who bought McGill earlier in the year, has completed his acquisition of Angus-based electrical, plumbing and heating firm, Alliance, which has annual turnover of over £3.5million, in what is his second company purchase of the year.
Alliance, a company which delivers multi-trades services to commercial, private and public sector customers, joins Carling’s group of businesses during a period of expansion. Graeme Carling outlined its plans for rapid growth after purchasing former Scotland Top 500 construction company, McGill, after it entered administration in February.
Carling confirmed that Alliance will retain autonomy and identity rather than becoming part of McGill and commented;
“We are excited to complete the purchase of Alliance having signalled our plan for growth through acquisition earlier this year. Alliance is a solid and well-performing company with strong management and an expert team. The business will operate as it currently does, with the support of our board of directors and team. We currently have a number of other acquisition targets, some of which are already at legal stages and subject to due diligence, should complete in the early stages of next year.”
Alliance Electricals’ Managing Director, Errol Lawrie will continue to lead the business, which delivers electrical, heating and plumbing and fire and security services across the East Coast of Scotland. Errol, who has led the business since 2007, commented;
“This is a very exciting point in the history of Alliance and this deal signifies the combined effort of our entire team to grow the business to this point. The acquisition by Graeme Carling opens up many new opportunities and I am sure under the stewardship of Graeme and his board of directors, Alliance will continue to grow.”
Alliance Electrical, which will celebrate its 25 year in business next year, operates from its headquarters in Forfar and has over 50 employees.
About United Capital
United Capital is an investment group which is consolidating the fragmented UK building services and facilities management sector by acquiring well-performing, profitable companies, operating in the sector, who have a strong management team and clear growth strategies.
United Capital, through an established network of agents, brokers and solid marketing, identify and target companies operating in our target sector. Our strict criteria targets companies which are consistently delivering annual turnover of between £10- £30million, achieve strong profit levels and are currently delivering large-scale public-sector contracts for Government, NHS, MoD, Local Council Authorities and Housing Associations.
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