MHA supports built environment software provider’s £2.3m acquisition of UK counterpart
March 16th 2026
An Alternative Investment Market (AIM)-listed software company which operates in the built environment sector has acquired a UK-based Project Portfolio Management (PPM) software business in a deal supported by MHA.
Eleco PLC is headquartered in London with operations across the UK, Ireland, Sweden, Germany, the Netherlands, Romania, Australia and the USA. The company operates several software platforms which support companies working the built environment in areas such as design, estimation, visualisation, Building Information Modelling (BIM) and property management.
Its clients include construction companies, highways and infrastructure operators and large retail businesses.
It has acquired Reading-based Kivue, a software company specialising in PPM solutions. The company’s cloud-based platform Perform provides automated visual portfolio insights, governance and portfolio performance services for project teams and senior executives. Kivue’s revenue is around £1.5m and its key clients include London City Airport, Aon and Bentley.
MHA’s corporate finance and tax teams supported Eleco with financial and tax due diligence. MHA’s team was led by Rob Dando, supported by Maria Kuznetsova, Alex Heywood-Lee, Chris Denning, and Jasmine Northeast.
Rob Dando, Corporate Finance Partner and Transaction Services Leader, MHA said: “The acquisition of Kivue represents the next stage of Eleco’s global growth, following the purchase of Romania-based Vertical Digital in 2024, which MHA also supported.
“The expertise of the MHA and wider Baker Tilly teams across Europe and in a range of different services related to mergers and acquisitions means we are able to support acquisitive clients like Eleco throughout their growth journey - we’re looking forward to following and supporting the company’s continued expansion over the coming years.”
Jonathan Hunter, Chief Executive Officer Eleco, said: “We are pleased to welcome the Kivue team, with its principal founder, to the Eleco Group, further enhancing Eleco’s PPM capabilities.
“Kivue, with its Perform offering, complements our existing BestOutcome’s PM3 solution, which is used to manage strategic programmes and multiple portfolio management projects by Project Management Offices and Project Managers.
“The addition of Kivue will further expand our reach into senior manager and C-Suite audiences for larger enterprise projects.”
