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Record M&A activity in UK building and
facilities services sector
good cheer. Research from Livingstone, the M&A and debt advisory firm, reports record activity in the UK building and facilities services sector. The sector has grown by £15bn since 2011, with a total UK market value of £125bn in 2016, research says. And there has been a resurgence in M&A activity over the past five years, with a 96% increase in overall deal activity since 2012. It indicates a degree of resilience within the M&A market despite the political and economic uncertainty associated with geopolitical changes, including Brexit. There is also renewed foreign interest in UK
A
assets associated with the building and facilities services sector, incentivised by a stable economy and weak pound. Hard facilities services (maintenance,
refurbishment and mechanical services) made up the majority (59%) of M&A activity
s soon as I hear “Brexit”, I expect yet more doom and gloom. But for once, there is
CONTENTS BSEE
From THIS MONTHthe Editor
4 NEWS Latest news from around the industry.
7 BUILDING CONTROLS This month’s column from the BCIA.
over the past five years, with M&E the most popular sub‐sector, accounting for 29% of deal volume. And there has been a large spike in M&E transactions in the past two years. So what can we take from this? Jeremy Furniss, of Livingstone, said: “The M&A markets have demonstrated great resilience in the face of daunting levels of uncertainty driven by the slew of geopolitical developments, not least of which is the growing reality of the UK operating outside of the EU.” But with growing employment costs and
regulatory scrutiny, the UK’s talent for innovation and creativity will have to rise with it. Enjoy this month’s issue.
9 INDUSTRY COMMENT Using extended shutdowns to treat heating systems.
10 THE BUILDING SERVICES
FORUM Seminars, supporters and latest news about our new educational event.
11 INDUSTRY COMMENT Raising the game on lift conformity.
12 COVER STORY Nortek Global HVAC Europe.
13 INDUSTRY COMMENT Consider retrofitting to lift AC efficiency.
14 INDOOR AIR QUALITY Show poor indoor air quality the door.
Debbie Eales
deales@datateam.co.uk
TALKING POINT By Ian Humphries,
Managing Director at engineering solutions provider, Boulting Group
engineering workforce in the UK is female, making the country one of the smallest employers of female engineering professionals in Europe. A large skills gap currently looms over the UK engineering industry. Britain produces 12,000 newly qualified engineers a year, however there are currently 54,000 vacancies with this only set to increase. While the government has attempted to address this issue by launching various apprenticeship schemes, these programmes are failing to diversify the workforce. Of the 66,000 people undertaking an engineering or manufacturing apprenticeship, only three per cent are female. It is now more important than ever that we
create a more diverse workforce and inspire people from a multitude of backgrounds, if we wish to successfully develop the industry. At Boulting Group, we are fully committed to equal opportunities, providing a variety of pathways into the company, no matter the gender of a person. Rachel Tattan, Assistant Quality Surveyor at Boulting Group followed two distinct pathways as she gained on‐the‐job experience while studying. “My journey into engineering started at the
age of 16, when I undertook a placement while studying at college. The experience spurred me on to develop my understanding of the industry and helped me make the decision to continue with my studies and earn a degree level qualification. “My degree covered a number of areas including human resources, globalisation and finance, however it was business and
VISIT OUR WEBSITE:
www.bsee.co.uk
Engineering for all R
esearch conducted by the Institute of Engineering and Technology (IET) shows that just six per cent of the
16 BOILERS & HOT WATER UK water heating market to grow.
16 INDUSTRY COMMENT Dispense with the kettle and drink in the benefits.
18 BOILERS & HOT WATER uHeat exchangers: should materials govern choice?
uTake control of your boilers. uCutting heat networks down to size.
uCombating emissions with combustion control.
25 INDUSTRY COMMENT A burning Issue and your duty of care.
26 ENERGY MANAGEMENT
uSecuring your back‐up power. uTaking LED lighting to a new level.
30 SMART BUILDINGS
uWhat’s driving home automation? uPoE – perfectly poised for the challenge.
uTransforming distribution utilities with digitisation.
36 SPECIAL REPORT Low voltage switchgear assemblies.
38 WATER TREATMENT A progressive approach to pre‐commissioning cleaning.
40 DATA CENTRES Protecting the data – are you robust and ready?
42 SHOW PREVIEW What’s in store at UK Construction Week.
44 INSTALLATION NEWS Case studies and installation stories.
46 WHAT’S NEW 51 RECRUITMENT 52 WEB LOCATOR & CLASSIFIED
uLandlords, the energy efficiency clock is ticking.
management which I decided to focus on in the long‐term. “After working at Engineering Services
developer, Mitie Group for over 10 years, I took a short career break following the birth of my daughter. As my personal circumstances changed, I wanted to work in a more flexible environment that supported me. Boulting Group offered me exactly what I needed and I couldn’t be happier.” For many years, women have struggled to
break into a male dominated environment, however attitudes are changing and more opportunities are becoming available. “The industry has changed so much in the
past ten years,” added Tattan. “It is now becoming much more popular for women to go into roles that they typically haven’t done before. There are ample opportunities for career progression, particularly at Boulting Group. As well as moving up, there is a trend with people moving into other divisions. Boulting is incredibly supportive when it comes to career progression, assisting with individual learning development plans and detailed training programmes.” The advice to women looking to enter the industry is “don’t give up”. Engineering is a predominately male environment, but it is changing and bringing with it a wealth of opportunities.
While the engineering industry has a long
way to go before it is truly representative, progress is being made. Businesses must engage with younger generations to demonstrate the breadth of opportunities the industry has to offer and how rewarding it can be.
www.boulting.co.uk BUILDING SERVICES & ENVIRONMENTAL ENGINEER SEPTEMBER 2017 3
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