British Gas buys PH Jones in £30m deal

British Gas has bought central heating specialist PH Jones in £30million deal.

The deal will see husband and wife team, Phil and Brenda Jones, retire while their two sons, Martin and Chris Jones, continue growing the PH Jones success story through a new business.

PH Jones is made up of three divisions, two of which have been acquired by British Gas – Homeservices, which specialises in services to the social housing sector, and Facilities Management.
Martin and Chris will now take equal stakes in the remaining Utility Services division.

Martin Jones, managing director of PH Jones, said: “Having nurtured and successfully grown the business for nearly 50 years, the time is right for mum and dad to exit the company and enjoy a well earned retirement.

“We’ve built this business on strong family values and these have been the foundation of its success. Chris and I are going to use these same values to develop our business PH Jones Metering Services.”

PH Jones Metering Services will operate out of its main Wrexham office and will retain all of its 250 engineers and 50 support staff. Martin and Chris Jones will oversee the strategic development of the business and David Burke, utilities director, will continue in his management role.