PwC Corporate Finance advises the shareholders of Smart Managed Solutions on its sale to Investcorp
June 2026
The UK Industrials & Services Corporate Finance team is pleased to announce the sale of Smart Managed Solutions (SMS) to Investcorp.
Founded in 2017 and headquartered in London, SMS is a specialist provider of critical Mechanical & Electrical (M&E) maintenance services across HVAC, electrical, fire, water and gas systems. The Company focuses on high-quality commercial office buildings and technical end markets, delivering data-driven planned preventative maintenance services through a robust, contractually underpinned revenue base. SMS has grown rapidly since inception, surpassing £100 million of revenue and establishing itself as a leading provider of mission-critical technical services in a large, resilient and highly fragmented market.
Investcorp is a global investment manager specialising in alternative investments across private equity, real assets, credit and liquid strategies, with approximately $62 billion of assets under management. The investment will support SMS as it continues to build on its strong market position and capitalise on growing demand for high-quality technical maintenance services across the UK.
PwC Corporate Finance acted as lead sell-side adviser to SMS. Drawing on its deep sector expertise and experience in critical services, the team provided end-to-end transaction support throughout the process. In addition to Lead Advisory services, PwC’s Data, Insights & Analytics, Debt & Capital Advisory and Tax teams supported the transaction, delivering a fully integrated offering to help the shareholders achieve a successful outcome.
“Matt, Tim and the PwC Corporate Finance team delivered an outstanding outcome. Their sector knowledge, investor relationships and clear, pragmatic advice gave us confidence throughout the process. They managed the transaction with pace, professionalism and focus. We recommend PwC to any business considering a transaction.”
“It has been a privilege to advise Alex, Lee and the SMART team on this milestone transaction. SMART is an exceptional business with a differentiated market position and impressive growth trajectory, and we are delighted to have helped secure a partner to support the next phase of that journey. We look forward to seeing SMART continue to thrive under Lee Metcalfe's leadership. This is another successful transaction for PwC's Industrials & Services team in the Critical Services sector.”
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