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United Living Group has acquired Pilon, a social housing property services firm with a £40m turnover.
The group said that Pilon will “continue to operate independently”, while “complementing” its existing property services business.
The price of the acquisition by United Living could not be disclosed. Established 20 years ago, Pilon specialises in planned maintenance, compliance and refurbishment of social housing.
The firm’s operating profit was £2.3m last year, and it operates across London, the South East and the Midlands, partnering with local authorities and housing associations.
Pilon is currently contracted with eight G15 housing associations.
Neil Armstrong, chair and chief executive of United Living Group, said: “We are delighted to welcome Pilon into the United Living Group.
“Pilon is a well-established and successful business with a strong brand and reputation for innovative service delivery.”
He added that the acquisition will “broaden and deepen our support to the regulated UK affordable housing community”.
This will enable it to “accelerate the provision of safe, high-quality, energy-efficient housing stock, in long-term partnership with our customers”.
“We look forward to working alongside the Pilon team to help add value to our customers and the communities we serve,” Mr Armstrong said.
Vlad Nedelcu, managing director at Pilon, said: “This partnership represents a significant milestone for us.
“With United Living’s support, Pilon will continue to thrive and deliver the innovative and safe solutions that clients and partners expect from us.
“Since the early days of our discussions, we have been delighted to hear about United Living’s plans to invest further in Pilon’s capability, and we are looking forward to combining our businesses’ experience to enhance the group’s offer.”
In July, United Living Property Services secured a £40m repairs contract with Harrow Council.
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