Investcorp announced that it has signed a definitive agreement to acquire a majority stake in Smart Managed Solutions. Smart is a UK provider of mechanical and electrical facilities management services. Terms of the transaction were not disclosed.
As part of the transaction, Smart’s co-founders will retain a meaningful minority stake in the business.
Founded in 2017 and headquartered in London, Smart provides critical mechanical and electrical maintenance services, including HVAC, electrical, fire, water, and gas systems.
The company focuses on high-quality commercial office buildings and technical end markets such as life sciences, education, digital infrastructure, and public-sector assets.
Smart has built a reputation for service quality, a data-led delivery model, and relationships with blue-chip managing agents and direct clients.
The company has generated more than £100 million in revenue and achieved more than 30% annual organic growth in recent years. Investcorp said this growth has been driven by increasing demand for reliable, mission-critical facilities management services in a large and fragmented market.
Under Investcorp’s ownership, Smart is expected to pursue further organic growth and a targeted M&A strategy to expand into new end-markets and regions across the UK.
Investcorp said it will support Smart’s next phase of development through continued investment in technology and further professionalization of the organization.
The transaction further strengthens Investcorp’s UK investment track record, following recent investments including Stowe Family Law in 2024 and Outcomes First Group in 2023.
Investcorp said the deal also complements its broader activity in commercial services globally, including investments in RESA Power in the U.S. and Kee Safety in the UK.
KEY QUOTES:
“Smart represents a compelling opportunity to invest in a high-quality business operating in a large, resilient and growing market. Its strong track record, differentiated offering, and position in mission-critical services, provide a solid foundation for further expansion. We look forward to supporting the organisation in its next phase of growth, including through continued investment and targeted acquisitions.”
José Pfeifer, Head of European Private Equity Buyouts at Investcorp
“We are excited to partner with Smart, its founders and management team at this exciting stage of growth. Having built a strong relationship, we are aligned on a clear vision for the business and look forward to working closely together to scale the platform and continue delivering best-in-class, client-centric services.”
Owen Li, Managing Director at Investcorp
“Smart has built a strong reputation for service quality and customer delivery, supported by an outstanding team. We are excited to partner with Investcorp as we enter the next phase of growth, benefiting from their experience in supporting founder-owned businesses and scaling platforms in this sector.”
Lee Bainbridge and Alex Wilkin, Co-Founders of Smart Managed Solutions
“We look forward to working with Investcorp as we continue to grow the business. Their strategic support and sector expertise will enable us to further strengthen our offering, invest in our capabilities, including technology, and pursue new opportunities across the UK market.”
Lee Metcalfe, CEO of Smart Managed Solutions
