US private equity swoops for Cambridge M&E contractor

Cambridgeshire M&E contractor CPS Building Services has been bought by US private equity group H.I.G. Capital,.
CPS managing director Liam Connelly will reinvest alongside H.I.G. in the £25m revenue specialist which instals and maintains heating, cooling, ventilation and electrical systems for healthcare, life sciences, defence and education clients
H.I.G. said it intended to use CPS to form the core of a wider technical building services group by acquiring businesses active in fire pr