Cardo Group acquires property maintenance firm
With operations in Aberdeen, Scotland, Cardo said the acquisition of HeatCare Oil and Gas Limited expands its geographical reach.
With operations in Aberdeen, Scotland, Cardo said the acquisition of HeatCare Oil and Gas Limited expands its geographical reach.
This latest acquisition, Cardo Group’s fourth in less than a year, will take the group’s annual turnover to £170 million in FY2024/25.
Alex Crewe has been appointed chief finance officer, Simon Will as executive director, and Ben Marsden joins as chief information officer.
Cardo Group was formed when social housing contractor LCB Group was sold by its founder, Liam Bevan, now CEO of Cardo Group, to private equity firm Buckthorn Partners.
Cardo recently acquired the property maintenance division of Osborne Group.
Its Osborne Property Services Limited (OPSL) business was sold for an undisclosed sum.
Cardo Group was started to support social housing providers with compliance, retrofit, maintenance and decarbonisation services.
Housing maintenance specialist Cardo has secured a major new contract as part of Anchor’s £1.7 billion repairs and planned works transformation.
LCB Group has expanded into a new company catering primarily to social housing and local authority sectors.
Caddick Construction has opened new premises in Birmingham marking its expansion into the Midlands.