Apollo has acquired United Living group, a leading provider of maintenance and construction services across infrastructure, new homes and property
The transaction is subject to customary closing conditions and is expected to be completed over the summer.
In a statement from Apollo, the company stated that ‘financial terms were not disclosed’.
Joanna Reiss, partner and co-head of Impact at Apollo, commented: “United Living is a proven provider with an exceptional reputation for quality and reliability that has a profound impact on affordable housing residents and their broader communities.
“As investment in infrastructure and social housing remains a key priority, we believe the business is well-positioned for further growth. We are excited to partner with Neil and the talented team to deepen United Living’s positive impact.”
Neil Armstrong, chairman, Founder and CEO at United Living, added: “With Apollo’s resources and significant experience investing across the infrastructure and social housing services markets, we are looking forward to building on our momentum and strategically expanding across our three pillars.
“We see significant opportunities to further improve access to high-quality, affordable housing and critical infrastructure across the UK, and this partnership can allow us to invest in our vision to help reduce inequalities and create more sustainable cities and communities.”
