PiLON Joins United Living Group in Strategic Acquisition
Deal News | Oct 31, 2024 | FM Business Daily
United Living Group has acquired PiLON, a company specializing in property services within the social housing sector. PiLON, established 20 years ago, is renowned for planned maintenance, compliance, and refurbishment, serving major social housing providers, including eight of the G15 housing associations. This acquisition is set to enhance United Living's property services offering, particularly within the UK regulated affordable housing sector, aligning with its goal to provide safe and energy-efficient housing. PiLON will continue to operate independently under United Living, bringing technological advancements through its bespoke systems developed in-house. The acquisition deal was supported by various advisors on both sides.
Sectors
- Real Estate
- Construction and Infrastructure
- Technology
Geography
- United Kingdom – United Living Group and PiLON both primarily operate within the UK, with focus on areas such as London, South-East, and Midlands.
Industry
- Real Estate – This sector includes businesses involved in the buying, selling, leasing, and management of real estate properties. PiLON operates in this sector through its services in social housing maintenance and refurbishment.
- Construction and Infrastructure – This industry covers companies involved in the construction and maintenance of buildings and infrastructure. United Living Group and PiLON are part of this sector through their roles in infrastructure development and maintenance.
- Technology – PiLON has bespoke technology designed to support its services which indicates an involvement in the tech sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| PiLON | Target Company | Company | A leading property services business operating in the social housing sector, specializing in planned maintenance, compliance, and refurbishment. |
| United Living Group | Bidding Company | Company | Provider of infrastructure, affordable housing, property services, and telecoms, which has acquired PiLON to enhance its property services offering. |
| Cavu Corporate Finance | Corporate Finance Advisor to United Living | Company | |
| Addleshaw Goddard | Legal Advisor to United Living | Company | |
| PwC LLP | Financial Due Diligence to United Living | Company | |
| Deloitte LLP | Tax Due Diligence & Structuring to United Living | Company | |
| Cavendish Corporate Finance | Sales side M&A advisor to PiLON | Company | |
| Marriott Harrison | Legal Advisor to PiLON | Company | |
| Claritas | Tax Diligence & Advice to PiLON | Company |