KBS Corporate Advises on the Sale of Fisher Group
Fisher Group is a well-established and reliable provider of quality air conditioning installation and maintenance services for clients based in Scotland, operating across a broad range of sectors and earning an excellent reputation.
Fisher Group is a well-established and reliable provider of quality air conditioning installation and maintenance services for clients based in Scotland, operating across a broad range of sectors and earning an excellent reputation. The company was founded in 1974 and commenced trading, originally operating under the name of Fisher Group Scotland Limited as a subsidiary of Fisher Group Limited, a Birmingham-based air conditioning contractor.
Having grown the business over the course of 47 years, the shareholders of Fisher Group, Robert Hailstones and James McLaughlin approached KBS Corporate with the sale of their business in order to realise their retirement plans.
KBS Corporate was able to produce 30 interested parties which primarily consisted of UK trade buyers, with additional overseas trade and private equity interest. The final offer came from Ireland based Johnson Controls. The acquisition will enable Johnson Controls to expand their geographic reach into Scotland, with a strong focus on a synergistic bond between both companies.
Following completion, Fisher Group and Johnson Control will identify where the combined strengths of the two organisations can best be used to offer customers in Scotland, both present and future, the highest level of service. During this period the Fisher Group name will be retained.
Michael Anderton, General Manager for HVAC at Johnson Controls UK&I commented: “We are delighted to announce that we have now completed the acquisition of Fisher Group. Fisher Group is one of the leading HVAC companies in Scotland, with an enviable reputation and customer base. We are excited to be working with the talented team of HVAC professionals from Fisher Group and combining the strengths of both companies to better serve both existing and new customers.”
James McLaughlin, Managing Director of the Fisher Group, commented “This deal is an extremely important milestone and will achieve a key objective within Fisher Group and Johnson Controls’ strategy for growth. We believe with Fisher Group and Johnson Controls joining forces, it creates a fantastic opportunity for us to continue to provide a high level of services to our valued clients and will enable us to further expand on client support and delivery by offering a broader range of services.”
Nathan Leah, KBS Corporate Associate Director, advised Fisher Group throughout the process.