HIG Capital acquires CPS Building Services Limited | New


HIG Capital, LLC (“HIG”), a leading global alternative investment firm with over $50 billion in equity under management, is pleased to announce that one of its subsidiaries has acquired CPS Building Services Limited (“CPS” or the “Company”), a leading UK supplier of mechanical and electrical (M&E) services, from its founder. Current CPS Managing Director Liam Connelly will reinvest alongside HIG. Financial terms of the transaction were not disclosed.

CPS provides installation and maintenance services for heating, cooling, ventilation and electrical systems to customers in the healthcare, life sciences, defense and education end markets. The company has developed a strong reputation for delivering high quality services in its home market of East Anglia. HIG, together with the management team, aims to continue CPS’ organic growth track record with a particular focus on growing its electrical and maintenance offerings. The existing CPS management team will remain in place.

HIG intends to use CPS to form the core of a broader technical building services group by acquiring businesses active in fire protection, water and pumps, elevator maintenance, access and security, and related compliance services. HIG is joining this effort with Jonathan Simpson-Dent taking on the role of Group Executive Chairman. Several active acquisition discussions are currently underway.

Liam Connelly said: “This is an exciting new chapter that demonstrates the team’s commitment to serving our customers and growing the CPS business. With HIG, our shared vision will create a unique range of essential construction services and expertise that will benefit our clients. »

Jonathan Simpson-Dent said, “Liam and his team have built a very impressive business at CPS, which is focused on providing quality service to its customers and has an unrivaled reputation in its local market. I look forward to working with Liam on the next phase of growth for CPS and driving expansion into related service lines through mergers and acquisitions to create a one stop shop for technical building services customers. »

John Harper, Head of HIG Europe’s Lower Middle Market LBO Team in London, said: “We are delighted to partner with Liam, Jonathan and the CPS team to build on the company’s successes. CPS’s reputation for exceptional service and high quality delivery has stuck with us since our first encounter with the Company. We look forward to working with the company to acquire additional construction engineering services offerings to complement CPS by leveraging HIG’s deep M&A expertise.

About the SCP

CPS is a dynamic and innovative M&E provider based in Cambridgeshire. The company is focused on providing high quality facilities and maintenance to customers centered on the values ​​of innovation, teamwork and community. For more details see www.cpsbuildingservices.co.uk/.

About HIG Capital

HIG is one of the world’s leading alternative asset investment firms with over $50 billion in equity under management. * Based in Miami and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco and Atlanta in the United States, as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Rio de Janeiro, São Paulo and Bogotá, HIG specializes in providing debt and equity capital to small and medium enterprises, using a flexible and operational value-driven -add-on approach:

  1. HIG’s equity funds invest in management buyouts, recapitalizations and spin-offs of profitable and underperforming manufacturing and service companies.
  2. HIG’s debt funds invest in senior, unitranche and junior debt financing of companies of all sizes, both on a primary (direct origination) basis and in the secondary markets. HIG is also a leading CLO manager, through its WhiteHorse family of vehicles, and operates a publicly traded BDC, WhiteHorse Finance.
  3. HIG’s real estate funds invest in value-added properties, which can benefit from better asset management practices.
  4. HIG Infrastructure is focused on making value-added and more grassroots investments in the infrastructure sector.

Since its inception in 1993, HIG has invested in and managed over 300 companies worldwide. The company’s current portfolio includes more than 100 companies with combined sales exceeding $30 billion. For more information, please visit the HIG website at www.highcapital.com.

* Based on total capital commitments managed by HIG Capital and its subsidiaries.

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CONTACT: John Harper

General director

[email protected] Capital

10 Grosvenor Street

London W1K 4QB


T +44 (0) 207 318 5700

Telephone +44 (0) 207 318 5749



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PUBLISHED: 01/09/2022 08:00/DISC: 01/09/2022 08:02


Copyright BusinessWire 2022.