Meet Paul
Finance Director
Thermatic
Thermatic, a building services group, is on the takeover trail to accelerate their expansion, aiming to double revenues to £50m within the next three years.
Following their acquisition of PDS Drainage Services in 2023, our corporate finance team is advising Thermatic as they look to seal further acquisitions to enhance its technical in-house capabilities and enable it to expand into new sectors.
Their acquisition strategy is focused on the Thermatic Technical FM division, which provides technical facilities management services to clients in sectors, including retail, healthcare, education, hospitality and student accommodation.
The division provides planned and reactive servicing, maintenance and compliance work, focusing on the delivery of hard facilities management in areas such as heating, ventilation and air conditioning, building management systems, electrical, drainage, gas, catering equipment, plumbing and water hygiene.
We have been working with Thermatic to develop and execute this strategy, providing market research to identify potential acquisition prospects and leading negotiations with the owners of the target companies. Our team working with Thermatic is headed by Corporate Finance Partner, Ben Bradley.
Thermatic are primarily targeting companies with turnover between £2M and £10M, which will allow them to create a full self-delivery model, adding value for their existing clients, who operate complex building estates across the UK and Ireland.
We are proud to be working with Thermatic on their long-term acquisition strategy and will be advising as they see their current acquisition prospects through to completion. It’s an exciting time for the business, and we look forward to supporting Thermatic to achieve its growth objectives over the coming years.
