Two construction entrepreneurs could be in line for a multi-million payout after appointing advisers to look at a sale of a stake in their business.
United House, a house building company that constructs and maintains many of Britain’s council estates, has asked KPMG Corporate Finance division to look at strategic options for the group.
The business is owned by Geoffrey Granter and chief executive Jeffrey Adams.
The Kent-based company, which banking sources said is forecast to make pre-tax profits of £25m in 2008, could be worth between £150m - £300m.
Although the company said it has no plans to sell the company to a competitor, it is believed the firm is talking to several private equity firms about a possible buyout deal.
United House said it had 'appointed KPMG Corporate Finance to consider its options with a view to best optimising United House’s ability on the substantial market opportunity'.
Private equity sources confirmed to The Sunday Telegraph that several buyout firms are already circling the company.