Smart, founded in 2017, is a London-headquartered specialist provider of critical M&E maintenance services, including HVAC, electrical, fire, water and gas systems. The business has delivered strong performance, Investcorp says, generating over £100 million in revenue and achieving over 30% annual organic growth in recent years, driven by increasing demand for high quality, reliable, mission-critical facilities management services in a large, resilient and highly fragmented market.
Under Investcorp’s ownership, Smart aims to pursue further organic growth, alongside a targeted M&A strategy to expand into new end-markets and regions across the UK. Investcorp will support the business in its next phase of development, including continued investment in technology and further professionalisation of the organisation.
The terms of the deal have not been announced. Co-founders Lee Bainbridge and Alex Wilkin will retain a 'meaningful' stake in the business.
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