Incentive FM Group has successfully acquired Hertfordshire-based mechanical and electrical (M&E) maintenance and installation services company, Comserve Limited.
The UK FM merger and acquisition specialist Morphose brokered the deal, which completed today. Morphose have now advised on a second M&E bolt-on acquisition for Incentive FM.
Comserve provides market-leading M&E services to a wide range of blue chip clients in 120 sites across London and the South East. This strategic move will enable Incentive to bring M&E services into its established portfolio alongside integrated facilities management, security, cleaning, and consultancy businesses. Comserve adds around £3.5 million turnover to the Incentive FM Group.
Jeremy Waud, Chairman of Incentive FM, said:
“M&E has been the missing link in our portfolio of stand-alone services even though M&E has been a big part of our integrated service offer for many years. The Comserve team and client base are highly complementary to our organisation. We will be investing in the business and staff to help it to grow its client base whilst providing a broader range of services.”