Following several significant acquisitions, Kinetics Group has grown from a US$64m (Gbp32m) revenue business in 2006 to a company with annual sales in excess of US$199m (Gbp100m) today.
Sovereign Capital acquired Kinetics Group in March 2007 to benefit from increased UK Government spend on social housing maintenance.
Sovereign Capital, the
The acquisition extends Kinetics' existing fabric maintenance business in the North West, an area benefiting from significant local government spend to improve the region's social housing stock. Combined with the Merseyside-based Camerons division of Kinetics, the Group now serves a broader spread of local authority framework agreements in the
As a result of Sovereign's buy & build strategy, Kinetics has grown from a Gbp32m revenue business in 2006 to a company with annual sales in excess of gbp100m today and now directly employs 1,200 staff nationwide with main offices in
The directors of Lord, Janet and Andrew Lord, are to remain in the business going forward and will assist with its integration into Kinetics and the development of existing customer relationships.
Simon Hitchcock, Director at Sovereign, said:
“Achieving critical mass in fabric maintenance in the
Chris Cheshire, Group Managing Director at Kinetics Group Limited, added:
“The acquisition of Lord complements Kinetics' existing fabric maintenance business, extends the geographic reach in the