Leeds-based Four Seasons Group (FSG), the specialist air conditioning installation and maintenance business, has acquired High Wycombe-based HM Air Cooling (HMAC) for an undisclosed sum.

The acquisition of HMAC adds a further £10 million of revenue resulting in combined proforma revenue for the Group in excess of £20 million and gives the Group critical mass while further improving geographical coverage. According to BTG McInnes Corporate Finance, the Group has made the acquisition as the latest step in a ‘buy and build’ strategy with a view to becoming the leading UK specialist in its field. FSG made its first acquisition in May 2007, acquiring Surrey based Air Conditioning and Associated Services (AAS).

Tom Keeping, the CEO of FSG who took over the reins of the business when he led a Buy In Management Buyout in 2005, said: “The management team is delighted with the opportunity to acquire HM Air Cooling and we are looking forward to continuing the successful growth of FSG both organically and through further value enhancing acquisitions,” he said.