Investment type
- Development capital
Formed in 2014, United Living is a construction company which specialises in new build, planned maintenance and refurbishment. Its community-centred approach has played a pivotal role in establishing its market leading position.
Building organically
LDC began its support of United Living’s management team back in September 2014 when the business was formed through the merger of Bullock Construction and the contracting division of United House Group, and since then the business has gone from strength-to-strength.
The team had a strategy for organic growth and our investment and support helped them to achieve their goals.
Expanding its customer base
United Living quickly grew as a significant player in the building refurbishment market, winning a large repairs-and-maintenance framework with CityWest Homes to refurbish their assets in Westminster. It also secured ongoing large frameworks with Wolverhampton Homes and Clarion Housing Group.
The business also became part of the Government’s National Developer Partner Panel in all regions and was appointed to a number of other key frameworks.
In 2018, United Living was recognised by the Sunday Times Top Track 250 thanks to the business’ outstanding growth, due in part to a 33 per cent increase in turnover that year.
Merger enhances future growth
LDC exited United Living in 2019 in a trade sale that saw the business merge with Fastflow Group, a utilities and property services firm.
This merger was a sign of continuous growth for United Living, with the team setting their sights on a valuation of £500m by 2020.