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06/2026

INVESTCORP takes majority stake in SMART MANAGED SOLUTIONS

UNITED KINGDOM Facility Management / Maintenance EV 100M - 350M USD

Context

Investcorp has signed a definitive agreement to acquire a majority stake in Smart Managed Solutions, a UK-based specialist in mechanical and electrical maintenance services for critical buildings and infrastructure. The company's founders will retain a significant minority stake, ensuring managerial continuity and long-term alignment of interests between the parties. The strategic rationale is based on several value creation levers. Firstly, Smart holds a differentiated position in high-criticality segments such as life sciences, digital infrastructure, public institutions, and premium commercial properties. These sectors have recurring specialized maintenance needs and high barriers to entry due to the required technical expertise. The transaction also aims to accelerate the company's future growth through a combination of organic development and external expansion. Investcorp plans to support the group's geographic expansion in the UK, entry into new vertical markets, and enhancement of the company's technological and organizational capabilities. A targeted consolidation strategy is also expected to broaden the service offering and strengthen the group's territorial coverage.

SMART MANAGED SOLUTIONS, which reported an EBITDA margin of in 2025, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Business Services sector (11.4x).

-> Deep-dive in Business Services market trends

Target

Smart Managed Solutions is a UK-based specialist in technical facility management, focusing on the maintenance and operation of critical infrastructure within commercial real estate assets and high-performance operational environments. Founded in 2017 and headquartered in London, the company has established itself as a leading player in the management of mechanical and electrical (M&E) systems, offering a range of services that include HVAC systems, electrical installations, fire safety, water networks, and gas infrastructure. The company primarily serves premium office buildings and sectors where service continuity is crucial, such as life sciences, higher education, digital infrastructure, and public sector buildings. Its business model is built on preventive and corrective maintenance of critical equipment, ensuring the smooth operation of its clients' activities. Smart Managed Solutions differentiates itself through a strong focus on service quality, operational data analytics, and close client relationships. This strategy has enabled the company to develop long-term partnerships with major real estate managers and prominent end-users. Additionally, the company benefits from a favorable market position, driven by the increasing complexity of buildings, regulatory requirements for energy efficiency, and the growing importance of technical infrastructure reliability.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (USD)

Year
Rev
EBITDA
EBIT
2025
2024

Similar deals in Facility Management

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
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05/2026LOOMISHERMES TRANSPORTES BLINDADOSPERUSecurity & Guarding
05/2026INITIATIVE & FINANCEAIRESSFRANCEHVAC
05/2026ISS INTERNATIONAL SERVICE SYSTEMTomagruppenNORWAYFacility Management
05/2026APOLLO GLOBAL MANAGEMENT / Alpine InvestorsApex Service PartnersUNITED STATESHVAC
04/2026EURAZEONETCO GROUPFRANCEMaintenance
03/2026ASTORGBARKENEFRANCESecurity & Guarding
02/2026CAPVEST PARTNERSTSG (TECHNICAL SERVICES GROUP)FRANCEElectrical
02/2026TSG (TECHNICAL SERVICES GROUP)TEPU HOLDING (PFANNER & FREI + RE.COM ELEKTROANLAGEN)SWITZERLANDElectrical

REFERENCES

Valuation range: EV 100M - 350M USD

Revenue range: 100M - 200M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of SMART MANAGED SOLUTIONS by INVESTCORP are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: smart managed solutions

Acquirer: investcorp