Fri, 03 Sep 2021 | BUSINESS SALE
Dundee-based building services and construction contractor McGill has announced the acquisition of asset and facilities management firm The McDougall Group. The target firm is a specialist in the social housing association sector, operating for close to 50 years.
Announcing the acquisition, McGill said that The McDougall Group generates multi-million-pound turnover and provides its services to more than 20,000 households and tenants from its three locations across Scotland’s Central Belt.
The acquisition comes as McGill looks to strengthen its position within Scotland while expanding its geographic presence and service offering. McGill is a subsidiary firm of United Capital, a consolidator in the UK’s highly fragmented building services and facilities management sectors.
McGill says that the acquisition, the company’s first, will enable it to expand its reach in Scotland as it continues to win contracts in the Central Belt area. Post-acquisition, The McDougall Group’s 65 workers will remain in place to support McGill’s continued growth.
Errol Lawrie, Managing Director of McGill, said: “Today is a great day, not just for McGill, but also The McDougall Group, as we combine to strengthen our position as one of the top contractors in Scotland. To complete this acquisition, the first in the forty-year history of McGill, is incredible and demonstrates our ambitions for the company. I want to thank the team at United Capital, our parent company, for providing support to get this deal done.”
“We have demonstrated fast, but sustainable growth over the past 12 months and continue to win work across the country. This acquisition is strategic in that it adds to our existing broad scope of services and extends our geographic reach. I want to take the opportunity to welcome our new colleagues at this exciting time.”
David Robbie, The McDougall Group’s Managing Director, added: “McGill are a well-respected name in the industry, and we have been impressed by the progress of the business over the past few years. Joining a company like McGill will support the future of our team and allow us to continue offering exceptional service to the social housing market across Scotland.”
United Capital CEO Graeme Carling commented: “This is a great step for McGill, who have continued their steady growth over the past 18 months. United Capital are committed to support our group companies and we are proud to help Errol and his team complete the acquisition of such a quality business. I extend my welcome to the team at The McDougall Group.”
If you would like to get in touch with United Capital, please contact us on 020 8875 0200 or at [email protected]
Find businesses for sale here.
If you are looking for an exit, we can help!
This is an ideal opportunity for an existing operator to acquire a well established, well respected carpet and flooring company business which produces good profits and has genuine growth potential for any new owner. A meeting with the owner is highl...
Services include workspace analysis, design and planning, office & commercial fit-out and furniture, business removals, IT relocation, business storage and surplus office furniture resale and recycling.
Services include workspace analysis, design and planning, office & commercial fit-out. refurbishment and the supply of office furniture. Additional services include move management and surplus office furniture resale and recycling.
Wealth and investment management group Kingswood has reveale...
AGO Hotels has acquired the freehold interest in two Ibis ho...
Sign up to receive our acquisition alert emails to get your FREE guide
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