United Capital Group has sold Scotland-based Saltire Facilities Management to Japanese company Daikin Industries, the world’s biggest manufacturer of heating ventilation and air conditioning solutions, for an undisclosed sum.
Headquartered in North Lanarkshire, Saltire Facilities Management, is one of the UK’s biggest providers of property services, specialising in renewables, gas services and electrical works, and operating across Scotland and the Midlands. It employs about 300 people and supports a number of subcontractors.
Daikin Industries is headquartered in Osaka and has a worldwide workforce of more than 100,000.
United Capital Group is part of The Carling Group, a private family office owned by Scottish entrepreneurs Graeme and Leanne Carling.
Mr Carling said: “We’re incredibly proud to conclude our five-year ownership of Saltire with this transformational deal. The business was already a trusted name in housing and property services, but through targeted investment and strategic support, we helped unlock its potential, leading to the most successful period in its 25-year history.
“Securing over £220 million in new public sector contracts and achieving record growth has not only safeguarded hundreds of jobs, it also has made Saltire an attractive proposition for the world’s biggest name in HVAC.
“Bringing investment from Daikin Industries into the Scottish economy secures Saltire’s future and creates exciting opportunities for the region. This is the United Capital model in action, identifying great businesses and building them into globally attractive enterprises.”
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