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South Staffordshire Group
South Staffordshire, the West Midlands water company, is to be acquired by First Islamic Investment Bank for £143m.
South Staffordshire Group has acquired Servotomic, the provider of home assistance policies for domestic boiler breakdowns, for £2.4m, in order to expand its HomeServe subsidiary.
South Staffordshire Group has acquired Middleton Maintenance Services, the nationwide supplier of infrastructure maintenance services with 374 staff, for £15m.
South Staffordshire Group has acquired Highway Emergency Services, the Norwich-based supplier of emergency repair services to household insurers with 43 depots and 853 staff, for £28m.
South Staffordshire Group has acquired Regency Financial Holdings of Weston-super-Mare, the provider of retail warranty services with 222 staff, for up to £45m.
South Staffordshire Group is planning to expand its Home Services division, which provides emergency plumbing, drainage and utility services, with the creation of 250 jobs in Walsall.