The owner of Dundee building services company McGill has acquired one of Scotland’s largest central heating and electrical service firms.
McGill owner United Capital has acquired 100% ownership of Glasgow-based Saltire Facilities Management, a company with 320 employees and annual turnover of around £30 million.
It is the third major acquisition by United Capital, controlled by Graeme Carling, in just over year.
After acquiring the assets of McGill from administration in March last year, the company acquired Forfar-based Alliance Electrical at the end of last year.
Earlier this year Mr Carling said he planned to acquire several other UK building services and facilities management companies over the next three years with the aim of reaching a collective turnover of £300m.
He said: “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 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.
General manager John Reynolds said: “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.
“The 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.”