Investcorp has agreed to acquire a majority stake in Smart Managed Solutions, a provider of mechanical and electrical (M&E) facilities management services in the U.K.

The deal will see Smart’s co-founders retain a meaningful minority stake in the business. Investcorp plans to support Smart’s next phase of growth through continued investment in technology, organizational development and a targeted acquisition strategy aimed at expanding the company’s presence across new UK regions and end markets. Founded in 2017 and headquartered in London, Smart Managed Solutions specializes in critical M&E maintenance services, including HVAC, electrical, fire, water and gas systems. The company serves commercial office buildings and technical end markets such as life sciences, education, digital infrastructure and public sector facilities.