Equitix acquires John Laing Liftcos

Investment firm Equitix has bought NHS Lift developer Primary Plus from the John Laing Group for an undisclosed fee.

Primary Plus is the private sector partner in six Lift schemes across the country, owning 45 buildings with a combined capital value of £370m.

Equitix was supported in the deal by fellow infrastructure investment group Community Solutions Investment Partners, which already owns stakes in 65 community developments.

“This acquisition places Equitix as a significant private sector partner in this specialist sector which fits very well into the wider PPP portfolio we have built up over recent years,” said Hugh Crossley, chief investment officer at Equitix.

Last year, Equitix and Community Solutions acquired Accent Group’s Lift portfolio of Bradford & Airedale and Durham and Tees.