M&A Deal Summary

British Gas Trading Acquires PH Jones Group

On May 16, 2011, British Gas Trading acquired construction company PH Jones Group for 30M GBP

Acquisition Highlights
  • This is British Gas Trading’s 1st transaction in the Construction sector.
  • This is British Gas Trading’s 0th largest (disclosed) transaction.
  • This is British Gas Trading’s 10th transaction in the United Kingdom.

M&A Deal Summary
Date 2011-05-16
Target PH Jones Group
Sector Construction
Buyer(s) British Gas Trading
Deal Type Add-on Acquisition
Deal Value 30M GBP

Target

PH Jones Group

Malpas, United Kingdom
PH Jones' social housing business, which provides central heating service and repair for around 250,000 properties under 42 contracts. It also carries out over 8,000 central heating installations every year through 28 contracts within the social housing sector. The acquisition will bring British Gas around 850 employees, of whom approximately 560 work in the Social Housing business. The transaction does not include the Utility Services business previously operated by PH Jones, which will be retained by the vendors.

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Buyer(S) 1

Buyer

British Gas Trading

Windsor, United Kingdom
Category Company
Founded 1995
Sector Utilities
DESCRIPTION

British Gas Trading Ltd. provides innovative energy solutions and the highest quality Home Services expertise in the country.

DEAL STATS #
Overall 10 of 11
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 8 of 9
Country (United Kingdom) 10 of 10
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-06 JK Environmental Services

Royston, United Kingdom

JK Environmental Services (U.K.) Ltd. provides environmental services, sewer cleansing and tankering to the business market.

Buy £7M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-20 Power Plus Communications AG

Mannheim, Germany

Power Plus Communications AG (PPC) supplies state-of-the-art communication solutions to utilities for smart grid applications. The company?s products utilise the existing low- and medium-voltage grid infrastructure to deliver broadband connectivity which allows real-time, bi-directional, area-wide, reliable data communication at a cost equivalent to narrowband alternatives.

Buy €5M
Mergr

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