Elite Group

Acquirer: MTX Contracts

MTX Contracts, a leading healthcare construction and engineering company, has successfully acquired Elite Group, a facilities management and engineering services provider specializing in healthcare buildings. This strategic transaction aims to enhance MTX Contracts' capabilities in maintenance, small works, and facilities management, particularly in support of existing healthcare clients and the broader NHS estate.Summary of transaction details:Value: UndisclosedSector: Healthcare Facilities Management & ConstructionAdvisor: KBS CorporateKey Entities: Target: Elite Group; Acquirer: MTX ContractsLocation: Target: Baildon, West Yorkshire; Acquirer: Handforth, CheshireNote: The acquisition allows MTX Contracts to expand its comprehensive service offering, leveraging Elite Group's expertise to address the growing demand for critical estate requirements within the healthcare sector. This move is particularly timely given the reported maintenance backlog within the NHS, positioning the combined entity to drive significant impact and sustainable growth.