Global property group JLL to buy Bristol building services firm Integral for £229m

June 6, 2016
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Integral, the Bristol-based building services group, is to be acquired by global property giant JLL in a £229m deal.

Originally formed in 1863, over the past two decades Integral has been transformed into the UK’s leading provider of mechanical and electrical property maintenance.

It was spun off from parent group Staveley Industries in 2005 and has received a number of investments from private equity firms. It has 12 regional offices across the England and Wales as well as its Aztec West headquarters and employs about 3,700 staff.

It will become part of JLL’s integrated facilities management business. The acquisition is expected to close in August, subject to clearance from the European Commission.

Integral managing director Bryan Glastonbury said: “There is a strong cultural fit because we share the values of ethics, excellence and teamwork.

“What’s exciting is the future that we can shape together for our clients and staff. By aligning our mechanical and engineering capability with ‘deep expertise and global platform, we are building economies of scale and superior solutions for our combined client base.”

The firm already specialises in delivering facility maintenance services and complex mechanical and electrical engineering solutions to real estate owners, managers and occupiers and has more than 1,600 clients across 60,000 locations.

JLL president Christian Ulbrich said: “Having worked together extensively over many years, we know that Integral will be a strategic fit to our growing integrated facilities management platform and a synergistic match to JLL’ commitment to client service and innovation.

“Integral’s 3,700-strong team and reach throughout the UK will substantially strengthen and expand the outsourcing offer we can provide to corporate clients and to investor clients of our property & asset management business.”

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