M&A Deal Summary

HomeServe Acquires CET Group - Specialist Claims Management Division

On October 27, 2021, HomeServe acquired business services company CET Group - Specialist Claims Management Division from CET for 53M GBP

Acquisition Highlights
  • This is HomeServe’s 13th transaction in the Business Services sector.
  • This is HomeServe’s 0th largest (disclosed) transaction.
  • This is HomeServe’s 10th transaction in the United Kingdom.

M&A Deal Summary

Date 2021-10-27
Target CET Group - Specialist Claims Management Division
Sector Business Services
Buyer(s) HomeServe
Sellers(s) CET
Deal Type Divestiture
Deal Value 53M GBP

Target

CET Group - Specialist Claims Management Division

Donington, United Kingdom
CET Group's tech-enabled insurance claims management division provides services to one in eight UK households.

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Buyer(S) 1

Buyer

HomeServe

Walsall, United Kingdom

Category Company
Founded 1991
Sector Consumer Services
Employees7,400
Revenue 1.3B GBP (2021)
DESCRIPTION

HomeServe is a home assistance company providing plumbing, drainage, electrics and heating maintenance and repair services through its own network of directly employed and sub-contracting specialist engineers. HomeServe was founded in 1991 and is based in Walsall, the United Kingdom.


DEAL STATS #
Overall 21 of 21
Sector (Business Services) 13 of 13
Type (Divestiture) 3 of 3
Country (United Kingdom) 10 of 10
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-21 Mark Allen Plumbing Heating And Cooling

Bethel Park, Pennsylvania, United States

Mark Allen Plumbing, Heating And Cooling provides plumbing and HVAC services to residential and commercial customers in the greater Pittsburgh area. Mark Allen Plumbing, Heating And Cooling was founded in 1985 and is based in Bethel Park, Pennsylvania.

Buy -

Seller(S) 1

SELLER

CET

Leicestershire, United Kingdom

Category Company
Founded 1989
Sector Business Services
DESCRIPTION

CET is a provider of specialist claim response, property risk investigation, and issue mitigation services for the UK insurance claims sector. CET’s infrastructure division operates from a nationwide network of regional offices and UKAS accredited testing laboratories, providing a comprehensive range of materials testing and inspection services. CET was established in 1989 and is based in Leicestershire, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2021) 1 of 1