United Living acquires water solutions provider AFECO

Kent-based United Living Group, which provides infrastructure, affordable housing, property and telecoms services, has acquired EcoGenR8, trading as AFECO.

Operating for more than 10 years from Havant, Hampshire, AFECO develops and delivers mechanical, electrical, instrumentation, control and automation (MEICA) services and solutions related to water, wastewater and biosolids treatment, as well as energy generation and consultancy.

The deal will see AFECO integrated into United Living’s infrastructure services business alongside the group’s existing water activities.

Neil Armstrong, chair and CEO of United Living Group, said: “We’re delighted to welcome AFECO into the United Living Group.

“AFECO has an outstanding reputation in the water industry for innovation and problem-solving.

“This acquisition will complement our existing activities and help extend our service offering to include mechanical, electrical controls and automation.

“We recognise that water is a precious resource, and this acquisition comes at a critical time to help us to support Ofwat’s objectives to deliver customer and stakeholder satisfaction for AMP8 and beyond.

“We’re looking forward to working closely with AFECO’s management team to unlock further potential on behalf of our combined customers.”

Abi Field, CEO of AFECO, added: “We’re delighted to join forces with United Living, enabling us to better provide unique solutions for the water sector.

“This comes at an opportune moment, particularly as we help our clients navigate increasing pressure on their operations.

“We believe that our highly innovative products are a great addition to United Living Infrastructure Service’s offerings, and that together we’ll be able to meet our clients’ evolving needs.”

Advisors to United Living were Cavu Corporate Finance (corporate finance), Addleshaw Goddard (legal), PwC (financial due diligence) and Deloitte (tax due diligence and structuring).

Check out this acquisition alongside other deals across the region on our Deal Ticket