United Living Group has acquired a majority stake in Glenelly Infrastructure Solutions, bolstering its position in the UK’s power infrastructure market.
Glenelly, founded in 2016 and based in Hemel Hempstead, specialises in turnkey power distribution services.
It operates two specialist training centres, including the UK’s only facility accredited by UK Power Networks, and supports the roll-out of electric vehicle charging and heat pump installations.
The deal is United Living’s second power-sector acquisition this year, following its March purchase of Jones, a contractor focused on power distribution and street lighting.
And the purchase of Glenelly is the latest in a string of takeovers by United Living, including family-run civils firm Peter Duffy Ltd last month and engineering services firm AFECO in April last year.
In 2024, it also acquired training specialist GTEC and PiLON, a social housing property services firm operating across London, the South East and Midlands.
In its latest announcement this morning (6 June), United Living said its acquisition strategy drives long-term aims to build resilience and scale across key infrastructure markets.
Group chairman and chief executive Neil Armstrong said the Glenelly deal extends the company’s regional footprint to the North West, Yorkshire, London, the South East and Scotland.
He added that the expanded network would help United Living to support the UK’s transition to a low-carbon economy.
Sean Conway, managing director of Glenelly, said the company was well-placed to scale up its operations following the takeover.
United Living was advised by Cavu Corporate Finance, Addleshaw Goddard, UNW, Deloitte, Marsh and TSS Infrastructure Services.
Glenelly’s advisers were RSM UK and Kingsley Napley.
Glenelly reported turnover of £24.1m and pre-tax profit of £3.2m in the year to 31 December 2023, according to its most recent accounts filed at Companies House. The company employed 109 staff during the period.
United Living is ranked 38th place in the most recent CN100 table. Its most recent accounts for the year to 31 March 2024 showed turnover of £627.2m and a pre-tax loss of £2.4m.
Source: United Living press release
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Ben Vogel