Pareto adds further engineering and decarbonisation expertise via acquisition

The deal reflects Pareto’s strategy of expanding its technical service capabilities, with the combination allowing customers of both businesses to access new services and expertise, while unlocking new career opportunities for employees.

Edmund Buckley, Head of Direct Private Equity at Pictet, said: “A compelling aspect to this transaction is that Pareto and Sowga share a commitment to decarbonisation. Sowga’s skills in sustainable projects align seamlessly with Pareto’s focus on creating future-ready, environmentally responsible facilities. Clients can continue to expect the same high standards of service and reliability they’ve come to know from both Pareto and Sowga, and now benefit from a wider and deeper range of resources and expertise.”

Pictet originally invested in Pareto Facilities Management with a view to transforming it into the Pareto Group, a transition that reinforces its commitment to delivering comprehensive, client-focused solutions across diverse sectors. This acquisition accelerates the realisation of these growth ambitions.

James Clarke, CEO of Pareto, commented: “We are delighted to welcome Sowga to Pareto. Sowga’s reputation for engineering excellence, client satisfaction, and commitment to sustainability aligns perfectly with Pareto’s core values. Together, we are positioned to offer an even greater range of services while upholding the integrity and quality that define both companies.”

Aaron Guidice, director of Sowga, added: “With Pareto’s support, we’re looking forward to expanding our capabilities while continuing to deliver the high standards of service that our clients trust.”