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UNQUOTE
  • Buyouts

UK - Sovereign continues Kinetics buy-and-build

  • Sarah
  • 25 June 2007
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Sovereign Capital-owned social housing services company Kinetics Group has acquired TA Horn Holdings, taking group revenues to ТЃ80m. The deal represents the third acquisition as part of Sovereign's buy-and-build strategy for Kinetics Group. TA Horn is a North London-based gas installation and maintenance services provider to the social housing sector. It enjoys long-term contracts with local authorities and housing associations in North and West London and the surrounding Home Counties. Customers include the London Boroughs of Camden, Redbridge and Enfield, the district councils of Harlow and Epping Forest and the housing association, Homes for Haringey.

Sovereign first invested in the social housing sector in December 2006 with the acquisition of Seaflame and Camerons, two leading providers of maintenance services. Seaflame is a gas maintenance contractor in the London market and Camerons carries out refurbishment and fabric maintenance services. Kinetics was formed in March 2007 when Sovereign acquired Hudson, a maintenance services provider whose clients include the Ministry of Defence, and combined it with Camerons and Seaflame.
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