In a significant move that underscores the evolving landscape of the construction and property development sector, Pilon, a renowned name in building and refurbishment services, has officially joined forces with United Living. This strategic merger promises to reshape the industry, creating a powerhouse poised to lead in innovation, sustainability, and community-focused projects. As stakeholders and market observers watch closely, the integration of Pilon into United Living is set to bring forth new opportunities, challenges, and potentially, a new era of growth and expansion in the construction realm.
Pilon Construction Group Joins Forces with United Living Group
Introduction to the Acquisition
Established 20 years ago in Berkshire, Pilon specializes in maintenance, compliance, and refurbishment of assets owned and managed by social housing providers. The company operates across London, the southeast, and the midlands, partnering with local authorities and housing associations. It has contracts with eight of the G15 housing associations.
Financial Overview
Last year, Pilon Construction Group Ltd reported a turnover of £39 million and made a pre-tax profit of £2.0 million.
Strategic Continuation
Pilon will continue to operate independently, alongside United Living’s existing Property Services business.
Executive Insights
Neil Armstrong, chairman and chief executive of United Living Group, expressed his enthusiasm about the acquisition:
“We are delighted to welcome Pilon into the United Living Group. Pilon is a well-established and successful business with a strong brand and reputation for innovative service delivery.”
Armstrong further elaborated on the strategic benefits of the acquisition:
“This acquisition will broaden and deepen our support to the regulated UK affordable housing community, enabling us to accelerate the provision of safe, high quality, energy efficient housing stock, in long-term partnership with our customers.”
He added:
“We look forward to working alongside the Pilon team to help add value to our customers and the communities we serve.”
Management Commentary
Pilon’s managing director, Vlad Nedelcu, commented on the partnership:
“This partnership represents a significant milestone for us. With United Living’s support, Pilon will continue to thrive and deliver the innovative and safe solutions that clients and partners expect from us.”
Nedelcu also shared his optimism about future prospects:
“Since the early days of our discussions, we have been delighted to hear about United Living’s plans to invest further in Pilon’s capability, and we are looking forward to combining our businesses’ experience to enhance the group’s offer.”
Conclusion
This strategic alliance marks a significant step in the growth and expansion of both Pilon Construction Group and United Living Group as they continue to serve the UK’s affordable housing sector.
Pull Quotes:
- “This acquisition will broaden and deepen our support to the regulated UK affordable housing community, enabling us to accelerate the provision of safe, high quality, energy efficient housing stock, in long-term partnership with our customers.” – Neil Armstrong, Chairman and CEO of United Living Group.
- “With United Living’s support, Pilon will continue to thrive and deliver the innovative and safe solutions that clients and partners expect from us.” – Vlad Nedelcu, Managing Director of Pilon.
