Tue, 20 Feb 2024 | BUSINESS SALE
Leading UK independent builders’ merchant MKM has acquired HVAC (heating, ventilation and air conditioning) distributor Oceanair UK Limited. The deal, part of MKM’s expansion plans, sees it make a strategic move into the HVAC sector.
Oceanair, which was founded in 2002 and operates from locations in Mansfield and Crawley, is a prominent UK HVAC distributor. The company is a specialist distributor for several major brands, including Fujitsu and Panasonic, and has successfully transitioned into the air and water markets.
Following the acquisition, the company will continue to operate under its existing name, ensuring continuity for the firm’s strong, established network of customers and suppliers. MKM said that Oceanair owner Tony Evanson will remain with the business “for the foreseeable future” to provide support during the transition.
Evanson commented: “I have thought long and hard about selling the business and was adamant it needed to go to the right home. I’m very pleased to be around the business to support the MKM team and look forward to seeing Oceanair grow under its new ownership.”
The acquisition was led by MKM Business Development Director Rob Barnes who expressed confidence in Oceanair’s growth potential. Barnes said: "This acquisition fits perfectly with MKM's plans for expansion, allowing us to branch out further into the HVAC industry. Continuing to work closely with the current Oceanair team guarantees a seamless transition, customers and suppliers can expect business as usual."
He continued: “Oceanashp.co.uk, part of Oceanair, specialises in heating and concentrates on designing, supplying, commissioning, and supporting air-to-water heat pumps. Their Heat Pump Training Academy conducts courses on design and installation and has recently earned recognition as a "Centre of Excellence" by Panasonic. This fits perfectly with our commitment of offering more sustainable options to customers.”
Find out how companies are increasingly using M&A to diversify their services and stay ahead of changing industries
Incorporated over 15 years ago the company prides themselves on being one of the largest suppliers of innovative clothing accessories to UK bricks & mortar and online retailers. Their expertise and ability to supply high quality, lingerie accessories...
A ready-made with visitor appeal to compound the credibility, based in one of the most popular National Parks in the UK and Europe. Steeped in history, brewing in the village for for over 400 years.
Builders Merchants which occupies a prime trading position on a sought-after trading estate. It has been under the proud ownership of our client since 2000 during which time they have made considerable investment in establishing the area’s premier su...
10
|
May
|
John Good Group acquires Grimsby shipping services company | BUSINESS SALE
John Good Group has acquired a shipping services provider th...
09
|
May
|
Landsec sells hotel portfolio for £400m | COMMERCIAL PROPERTY
Landsec has sold its entire hotel portfolio, comprising 21 a...
09
|
May
|
Turner & Townsend acquires boutique consultancy | BUSINESS SALE
Leeds-headquartered professional services consultancy Turner...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.