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US investment group acquires United Living

UK provider of essential infrastructure, social housing maintenance and construction services, United Living is to be acquired by American private equity firm, Apollo. Both firms have entered into a definitive agreement with the acquisition expected to be completed over the summer

United Living provides a range of mission critical maintenance and construction services across three pillars: infrastructure, new homes and property services. Serving a diversified set of blue-chip corporate and government clients, the company delivers essential services to the owners and operators of utility infrastructure and property assets across the UK. By reviving homes and communities through regenerated living spaces, ensuring the safe and reliable operation of utility assets and partnering with the largest social housing and build-to-rent communities, United Living’s diversified offerings serve to increase access to affordable housing and critical services for often underserved populations.

Commenting on the acquisition Neil Armstrong, Chairman, Founder and CEO at United Living said: “With Apollo’s resources and significant experience investing across the infrastructure and social housing services markets, we are looking forward to building on our momentum and strategically expanding across our three pillars. We see significant opportunities to further improve access to high-quality affordable housing and critical infrastructure across the UK, and this partnership can allow us to invest in our vision to help reduce inequalities and create more sustainable cities and communities.”

Joanna Reiss, Partner and Co-Head of Impact at Apollo commented: “United Living is a proven provider with an exceptional reputation for quality and reliability that has a profound impact on affordable housing residents and their broader communities. As investment in infrastructure and social housing remains a key priority, we believe the business is well-positioned for further growth. We are excited to partner with Neil and the talented team to deepen United Living’s positive impact.”

The transaction is subject to customary closing conditions. Financial terms were not disclosed.

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