Wed, 02 Oct 2024 | BUSINESS SALE
Liberty, the property services business of ForHousing, is set to be acquired by construction, development and property service company Wates Group. Liberty is a specialist in domestic property repair, maintenance, heating and compliance.
Following the acquisition, the company will become part of Wates Property Services business. More than 1,000 staff will join Wates through the deal, taking the group’s employee headcount to a high of more than 6,000.
Post-sale, Liberty will continue to trade under its own name as part of the Wates Property Services business, providing its usual property repair, maintenance, heating and compliance services to customers, in addition to working on construction and decarbonisation projects.
Wates Executive Managing Director David Morgan said that the group had been “actively seeking a specialist property support business to expand and strengthen our existing expertise in the social housing sector, and extend our range of services into the areas of heating and compliance, as well as renewable energy services.”
Discussing the acquisition of Liberty, Morgan said that Wates had “found the strategic fit we were looking for”. Wates Group Chief Executive Eoghan O’Lionaird said that an important aspect of the deal was that the two companies “are both purpose-driven businesses.”
Liberty Group Managing Director Ray Jones said that joining Wates would enable the company to “enter the next stage of our growth and development.”
He continued: “Our combined service provision brings a stronger offer to both existing and potential clients, especially in property and renewable energy decarbonisation; services to which Liberty and Wates are strongly connected.”
"This new step forward will ensure continued high-quality services for Liberty's current clients and their tenants, as well as an exciting future for Liberty and Wates and our people."
Read more about the factors that have kept M&A activity resilient in the UK's building products and services industry
This well-established business is a leading name in the region, renowned for its quality products and outstanding service, catering to both trade and retail markets.
This established company offers extensive building and civil engineering services, excelling in complex projects and properties with challenging ground conditions. With an experienced management team and a strong presence in Wales, South West England...
Explore a unique opportunity to acquire a successful independent building company in Lincolnshire, known for its robust client base and proven track record.
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.