United Capital have announced another top appointment further strengthening their growing team. The building sector investment firm, who acquired £30million turnover business Saltire Facilities Management last month, has announced the appointment of Paul McGillvery as Legal & Commercial Officer.

After the company’s most recent acquisition, the group, which includes former Scotland top 500 building services firm, McGill, and Angus-based electrical services firm, Alliance Electrical, now employs over 400 people and records a collective annual turnover of around £40 million.

Paul McGillvery, an experienced contracts manager, joins United Capital having spent the past two years as Commercial Contracts Manager at fast-growing business water supplier, Castle Water. Paul will support the United Capital team with legal matters, manage risk across the group and will maintain oversight of all company contracts.

United Capital CEO, Graeme Carling commented; “Paul joining our team is another great appointment for United Capital, and one which will support the group as we continue to expand.  Paul will work across all group businesses to support them as required and oversee all commercial contracts. His expertise will allow our operational teams to remain focussed on the day job, safe in the knowledge the legal and contractual stuff is well taken care of.”

At the end of 2019 United Capital set out ambitious targets to acquire businesses with a collective turnover of £300million within the next three years. The latest appointment signals the company’s commitment to reaching those targets.

Speaking of his appointment Paul McGillvery commented; “I am excited to join United Capital as they continue to expand rapidly. Graeme and his team are hugely ambitious, and I am looking forward to supporting the group as we move forward.”

United Capital, the Dundee-based building sector investment firm, which acquired £30million turnover business Saltire Facilities Management last week, has announced the appointment of top Scots solicitor, Ryan Russell, as in-house legal counsel and Non-Executive Director.

After the company’s most recent acquisition, the group, which includes former Scotland top 500 building services firm, McGill, and Angus-based electrical services firm, Alliance Electrical, now employs over 400 people and records a collective annual turnover of around £40 million.

At the end of 2019 United Capital set out ambitious targets to acquire businesses with a collective turnover of £300million within the next three years. The latest board appointment signals the company’s commitment to reaching those targets.

Ryan Russell, who is the Head of Employment and a Partner at MML Legal, formerly known as Muir Myles Laverty Solicitors, will offer support, guidance and expertise on all legal and HR matters for the group in addition to his current role with MML Legal.

United Capital CEO, Graeme Carling commented; “We are delighted to have appointed Ryan to the United Capital board. His reputation as a fearless and forensic litigator are well deserved and his expertise, especially in employment law will be critically important. As we acquire more companies, especially in light of the current COVID-19 situation, solid legal and HR guidance will be required and Ryan will lead this for the group.

Ryan is familiar with the business having provided employment and legal advice since United Capital acquired the business in March 2019.

Speaking of his appointment Ryan Russell commented; “I am excited to join the driven and passionate team at United Capital. The business has ambitious plans and I am looking forward to playing my part in the long-term success of the group.”

In addition to his role at MML Legal, Ryan also teaches Employment Law at University of Dundee and was awarded Lawyer of the Month by Scottish Legal News in March.

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.

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.

United Capital, the investment company specialising in consolidating the fragmented UK construction sector, has today announced that its acquisition pipeline has surpassed £350million, in revenue terms, as more business owners seek an exit strategy in response to the global spread of Coronavirus.

The UK construction sector, like many others, has been badly affected by COVID-19, with all but essential building projects put on hold and sites closed. With reports suggest a downturn of up to 40% across the sector, consolidation is expected to become more common. Despite the measures put in place by the Government, many companies are reporting issues accessing loans, with some suggesting they may not be able to survive the crisis. 

Last year United Capital completed the acquisition of McGill, a former Scotland Top 500 company after it entered administration in February 2019, and Alliance Electrical, an Angus-based electrical services company. United Capital bosses announced ambitious plans to acquire UK-based building services and facilities management companies with a collective turnover of £100million in 2020, and during these unprecedented trading conditions, their deal pipeline continues to grow.

United Capital CEO Graeme Carling commented; “When we announced our targets in December 2019, we never could have envisaged the current situation. We have adapted quickly and are seeing opportunities where they didn’t exist before. Companies that were not considering an exit when we spoke to them earlier in the year are now chasing us, the market has shifted. We are actively engaged with several businesses at advanced legal stages and progress is being made every day. The current “lock-down” is slowing progress down, but deals are still being done. Our experienced team remain active and new opportunities are presenting themselves daily.”

United Capital target well-managed building services and facilities management companies operating in the UK with a turnover of £10million – £40million. The company report that although the business community is obviously worried, many are choosing to remain active and prepare for the future.

Graeme Carling continues; “Most businesses simply do not have the resources to sit back and weather the storm, they need to find solutions, and quickly. The majority of business owners we speak to who are considering selling to us, are either nearing, or of retirement age. These are people who have put everything into their businesses over many years and due to the impact of Coronavirus, are short on options. United Capital can provide an option for business owners looking for an exit and we invite them to get in touch directly. The reality of this situation is that every single company in the country has been affected and many will not be able to survive”

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 £10million – £40million, achieve strong profit levels and are currently delivering large-scale public-sector contracts for Government, NHS, MoD, Local Council Authorities and Housing Associations.

Further information is available at www.united-capital.co.uk. Follow United Capital on LinkedIn or YouTube

United Capital CEO, Graeme Carling outlines plans for 2020. Even with two companies, with a combined turnover of £35million already at legal stages, and a pipeline of potential acquisition businesses with turnover in excess of £100million, we are still looking for more businesses that meet our criteria. Get in touch directly to discuss in the strictest of confidence

After announcing the acquisition of Forfar-based Alliance Electrical in December, Graeme Carling, who also bought troubled building services company McGill in 2019, has re-launched his investment company United Capital as the parent company of both businesses, with an ambitious plan to grow rapidly.

Dundee-based building services company McGill has started the new year by announcing the appointment of a new Managing Director, Douglas Thomson, a vastly experienced industry expert who joins McGill having spent 19 years as Managing Director of one of Scotland’s leading construction companies, Aberdeenshire-based CHAP Group.

McGill, which was rescued from administration by entrepreneur Graeme Carling in March 2019, continues to grow and re-establish itself as one of the top building services businesses in Scotland, having recently won several multi-million-pound contracts. Owner and current Chief Executive Officer, Graeme Carling commented:

“I am delighted to have Douglas join us at this important and exciting time. When I bought McGill I always said my position as CEO was temporary but that I would remain at the helm until we found the ideal candidate, this business needs a strong and capable leader. We went through a lengthy and rigorous selection process and I am confident that we have found the right person.

“Douglas is an exceptionally qualified and experienced Managing Director who will utilise his vast knowledge to ensure the further development of McGill through the next phase of growth, he will have my full support and that of our board. I am excited for what we will achieve in 2020 and beyond.”

Thomson, a Civil Engineer professional is tasked with building on the successful turnaround of McGill which saw over 70 employees recruited into the business and the opening of Glasgow and Aberdeen depots in 2019. Speaking of his appointment Thomson commented:

“McGill is a well-known and well-respected name in the industry, and I am looking forward to the challenge. The company achieved a lot in the 9 months since Graeme Carling saved it and I will look to build on this immediately. The team at McGill are some of the best in the sector and I am certain we will continue to grow the business.”

In December, McGill owner, Graeme Carling announced that he had completed his second company purchase of 2019 by acquiring Forfar-based Alliance Electrical. The acquisition signals the intent of Graeme Carling’s investment company, United Capital which is the parent company of both businesses.

United Capital has been re-launched with a clear goal and strategy, to acquire UK based building services and facilities management companies with a collective turnover of £300million in the next 3 years.

Graeme Carling, in his capacity as United Capital CEO added:

“The opportunities to consolidate the fragmented UK building services sector are plentiful and United Capital will identify and acquire well-performing companies in this sector. The appointment of a new MD at McGill allows me to focus on driving activity at our group level and focus on getting the deals done. We are actively engaged and at advanced legal stages with companies with a collective turnover of over £50million and these are all expected to complete in the first half of 2020.”

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.

Further information is available at www.united-capital.co.uk. Follow United Capital on LinkedIn or YouTube

Media Contact

Fraser Kirk: Communications & Marketing Director – fraser.kirk@united-capital.co.uk | 07531 090912

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.

Further information is available at www.united-capital.co.uk. Follow United Capital on LinkedIn or YouTube

Media Contact

Fraser Kirk: Communications & Marketing Director – fraser.kirk@united-capital.co.uk | 07531 090912

After being announced by KPMG as the preferred bidder for McGill & Co, today, United Capital has announced their acquisition of the assets, business and goodwill of McGill & Co.

On 26th February, KPMG announced United Capital, owned by Dundee based businessman Graeme Carling, as the preferred bidder and granted them a short period of exclusivity to acquire the business and certain assets of McGill & Co Limited, which entered administration on 1st February.

United Capital CEO, Graeme Carling announced: “We are delighted to confirm our purchase of the assets, business and goodwill of McGill & Co. Over the past month we have worked tirelessly to reach an agreement which allows us to move forward with our plans to re-establish McGill & Co.”

He added: “Our team have examined all information available to us and we now enter a period of engagement with previous customers and contracts. Moving forward, financial prudence will be the top priority while we outline the direction for the company and we plan to build a quality and skilled workforce to deliver on profitable contracts.”