Commercial Maintenance Services acquired by Newable Capital

Commercial Maintenance Services UK secured investment from Newable Capital to support the next phase of its growth. The partnership provides access to additional resources and funding, enabling the business to strengthen its position within the plumbing, heating, and MEP sector.

Transaction Overview:

• Sector: Plumbing, Heating & MEP
• Business Type: Provider of installation, maintenance, and repair services for business-critical systems
• Deal Type: Investment
• Buyer Type: Private Equity Buyer
• Location: UK

Commercial Maintenance Services UK specialise in the installation, maintenance and repair of business-critical systems including heating and plumbing. The company was established in 2000, and over the years has seen considerable growth.

The shareholders of Commercial Maintenance Services UK, Nic Smith and Neil Smith, approached KBS Corporate with the sale of their business in to enable further growth. The opportunity proved highly popular with the successful offer coming from Newable Capital.|Nic Smith, Managing Director at Commercial Maintenance Services UK said: “Over the past 22 years, CMS has proved itself to be agile and resilient, responding to changing demands and developing new opportunities, and we are delighted to welcome the investment from Newable that will support the continued growth of the business.”

Peter Barrand, Managing Director at Newable Capital, added: “We have been hugely impressed by the business that Nic and Neil have built and the continued growth they have experienced over the last 20 years. Our aim is to leverage the resources of Newable to support CMS’ journey as we cement their leading position in the market. We look forward to working with the whole team at CMS in a very exciting time for the business.

“For Newable Capital, this represents another strategic investment in successful businesses working at the heart of the UK economy.”

Tom Eatough, Associate Corporate Director at KBS Corporate, advised Commercial Maintenance Services UK.

The Building Services & Maintenance Sector

Across the plumbing, heating, and MEP sector, providers of maintenance and installation services for business-critical systems are firmly on investors’ radar. Strong client relationships and recurring service demand make businesses in this space well placed to benefit from ongoing investment across the UK building services market.

This continued investment activity highlights the attractiveness of service-led, recurring revenue models, with investors actively seeking opportunities to support growth and expansion. For business owners in this sector, this may present an opportunity to explore their options, including selling a company or securing investment.

Similar trends can be seen across building services transactions, including the sale of Rab Corder Bathrooms and Phoenix Gas, highlighting continued demand for businesses with strong maintenance capabilities and specialist heating and plumbing expertise.