United Capital, which bought McGill earlier in the year, has completed its acquisition of Angus-based electrical, plumbing and heating firm, Alliance, which has annual turnover of over £3.5million, in what is the business’s second company purchase of the year.
Alliance, a company which delivers multi-trades services to commercial, private and public sector customers, joins United Capital’s group of businesses during a period of expansion. CEO Graeme Carling outlined the company’s 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 United Capital opens up many new opportunities and I am sure under the stewardship of Graeme and the 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.