United Living acquires water solutions provider AFECO

United Living Group, the provider of infrastructure, affordable housing, property services, and telecoms, is pleased to announce the acquisition of EcoGenR8, which trades as AFECO, a leading independent specialist engineering services and solutions company focused on the water, marine and energy sectors. 

Operating for over 10 years, AFECO develops and delivers mechanical, electrical, instrumentation, control and automation (MEICA) services and solutions related to water, wastewater and biosolids treatment, in addition to energy generation and expert consultancy. AFECO’s products and services include tailored project delivery, design, installations and commissioning.

AFECO will sit in United Living’s Infrastructure Services business alongside the Group’s existing water activities.

Neil Armstrong, Chairman and Chief Executive Officer of United Living Group, commented:

“We are delighted to welcome AFECO into the United Living Group. AFECO has an outstanding reputation in the water industry for innovation and problem-solving. This acquisition will complement our existing activities and help extend our service offering to include mechanical, electrical controls and automation.

“We recognise that water is a precious resource, and this acquisition comes at a critical time to help us to support Ofwat’s objectives to deliver customer and stakeholder satisfaction for AMP8 and beyond.

“We are looking forward to working closely with AFECO’s management team to unlock further potential on behalf of our combined customers.”

Abi Field, Chief Executive Officer of AFECO said:

“We are delighted to join forces with United Living, enabling us to better provide unique solutions for the water sector. This comes at an opportune moment, particularly as we help our clients navigate increasing pressure on their operations. We believe that our highly innovative products are a great addition to United Living Infrastructure Service’s offerings and that together we will be able to meet our clients’ evolving needs.”

Advisors to United Living were Cavu Corporate Finance (Corporate Finance), Addleshaw Goddard (Legal), PwC LLP (Financial Due Diligence) and Deloitte LLP (Tax Due Diligence & Structuring).