Maintenance specialist PH Jones, which is best known for social housing work, has acquired regional air conditioning installer Coolfactor Group for an undisclosed sum.
Based in Bexley, Kent, Coolfactor is also involved in m&e work and data communications. Coolfactor’s managing director, Tony Phillp will remain with the business and the company will continue to trade and operate independently as Coolfactor.
The acquisition gives PH Jones a foothold in air conditioning and refrigeration and increasing its opportunities in the private commercial sector.
Martin Jones, managing director of PH Jones, said: “The provision of air conditioning and refrigeration services is a natural progression for PH Jones.
“The acquisition is a key part of our development plans enabling the provision of holistic maintenance services, not just within domestic properties, but also commercial. Coolfactor has a desirable client list including Barclays and the Spirit Group.”
Jenny Neville, business development manager at PH Jones, added: “The deal will also benefit CoolFactor. It is strong in the South and Midlands, but our nationwide reach will help it to extend its operations. The acquisition will also give CoolFactor access to greater marketing resources,” she said.
The move sees Coolfactor’s 79 staff joining PH Jones. The company now employs 900 staff including 600 engineers across 25 regional offices.
This is the firm’s second acquisition in 6 months. It acquired D-tec, a specialist electrical contractor based in the North West in November 2007.