Global M&A boom shows no sign of slowing in UK building services market says United Capital M&A Director, Leanne Carling
Decarbonisation investment group, United Capital, a London-based business with interests in the UK building services sector, is reporting a continued increase in interested from business leaders looking to sell their business and join forces with a larger group.
Despite reports from Purchasing Manager’s Index (PMI) stating that growth in the sector rose to a six-month high, driven mainly by new orders, many in the industry are still worried that they won’t survive. A recent analysis released by Begbies Traynor revealed more than 75,000 firms in the sector could be at risk of collapse.
United Capital’s Mergers & Acquisitions Director, Leanne Carling gives her insight; “I am speaking to businesses in the building services sector daily, and whilst some had a good 2021, many are still worried about the future as the industry stares down the barrel of rising inflation, skills shortages, and large increases in material costs. For some leaders, they can see the tide is turning on sustainability in the sector, and they simply aren’t prepared for it, they need help.”
Leanne continues; “I am being contacted by business leaders, who were quite bullish at this time last year, looking to have a conversation about joining our growing group. From my perspective, larger organisations have been able to weather the storm much more effectively, and that joining a group like United Capital is hugely appealing from a resource, knowledge, and support perspective, business leaders are not contacting us to mitigate risk, but to realise potential opportunities. Our group companies have done well throughout the pandemic, by focussing on the day job whilst our centralised team helped to plan for the future, to identify the best upcoming opportunities, and position the group companies where they can win the contracts.”
United Capital targets well-managed and profitable, environmentally focussed building services and facilities management companies operating in the UK with a turnover of £10 million-£70 million.
Leanne added; “Our acquisition pipeline has grown 40% to over £800million in turnover value in the past two months alone. We remain active in acquiring building services companies and urge business leaders considering their options, to get in touch directly.”