United Living Group swoops in deal for property services business

United Living Group, the Warrington-based infrastructure, construction, and property services company, has acquired PiLON, for an undisclosed sum.

Bracknell-based PiLON is a property services business operating in the social housing sector, established 20 years ago,  specialising in planned maintenance, compliance and refurbishment of assets owned and managed by social housing providers.

The company operates across London, South-East and Midlands, partnering with local authorities and housing associations. It is currently contracted with eight of the G15 housing associations.

PiLON will continue to operate independently, complementing United Living’s existing property services business.

Neil Armstrong, Chairman and CEO of United Living Group, said: “PiLON is a well established and successful business with a strong brand and reputation for innovative service delivery.

“This acquisition will broaden and deepen our support to the regulated UK affordable housing community, enabling us to accelerate the provision of safe, high quality, energy efficient housing stock, in long term partnership with our customers.”

Vlad Nedelcu, Managing Director of PiLON, said: “This partnership represents a significant milestone for us. With United Living’s support, PiLON will continue to thrive and deliver the innovative and safe solutions that clients and partners expect from us.

“Since the early days of our discussions, we have been delighted to hear about United Living’s plans to invest further in PiLON’s capability, and we are looking forward to combining our businesses’ experience to enhance the group’s offer.”

Advisors to United Living were Cavu Corporate Finance (Corporate Finance), Addleshaw Goddard (Legal), PwC LLP (Financial Due Diligence) and Deloitte LLP (Tax Due Diligence & Structuring).

PiLON’s advisors were Cavendish Corporate Finance (Sales side M&A advisor), Marriott Harrison (Legal) and Claritas (Tax diligence & advice).