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HIG Capital acquires CPS Building Services Limited

An affiliate of HIG Capital (HIG) has acquired CPS Building Services Limited (CPS), a UK provider of mechanical and electrical (M&E) services, from its founder.

The financial terms of the transaction, which will see current CPS MD Liam Connelly reinvest alongside HIG, have not been disclosed.
 
CPS provides installation and maintenance services across heating, cooling, ventilation and electrical systems to clients in the healthcare, life sciences, defence and education end-markets. The business has developed a strong reputation for high-quality service provision in its East Anglia home market. HIG, together with the management team, aims to continue CPS’ track record of organic growth with a particular focus on growing its electrical and maintenance offerings. The existing management team of CPS will remain in place.
 
HIG intends to use CPS to form the core of a wider technical building services group by acquiring businesses active in fire protection, water and pumps, lifts maintenance, access and security, and associated compliance services. HIG is partnering in this effort with Jonathan Simpson-Dent who will take the role of executive chairman of the group.

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