Rosyth-based Parsons Peebles Group, a Clyde Blowers Capital company, said it acquired Reading-based Taylor & Goodman, a fast-growing provider of electromechanical services to the water sector.
The acquisition provides Parsons Peebles with expanded product and service capabilities and a network of UK locations which now totals 13.
Parsons Peebles said the deal comes on the back of its integration of Anstee & Ware into the group last October and establishes the firm as a leading UK electromechanical services provider.
“This acquisition gives us excellent local presence in the south east and an impressive list of blue chip clients to add to our growing customer base,” said Frank Barrett, CEO of the Parsons Peebles Group.
“This acquisition demonstrates our intent to become the number one UK supplier of electromechanical services.”
Pete Ryder, managing director of Taylor & Goodman, said: “Taylor & Goodman has enjoyed excellent growth in last few years and we’re very enthusiastic about the further expansion plans PPG have for us within their group.
“Under new ownership I’m satisfied T&G will be able to secure further success with the major water utilities, industrial customers and others with the broader offering and customer access we’ll now enjoy.”