GEG Capital “well-positioned” for growth with two acquisitions

A Scottish investment group has bolstered its construction and electrical portfolio with two strategic acquisitions, retaining all staff and appointing a new managing director.

Inverness-based GEG Capital has acquired Highland contractors Calder Electrical and Scotbuild, reinforcing its position in the construction and electrical sectors.

Both companies will continue to operate under their established brands while benefiting from GEG Capital's resources to support growth and innovation.

Daniel Cormack, a graduate of GEG Capital's Emerging Leaders Programme with 15 years' experience in the group, has been appointed managing director of both Calder Electrical and Scotbuild.

He said: “I am honoured to take on this role and lead Calder Electrical and Scotbuild during such an exciting time for both companies.

“With the support of GEG Capital, we are well-positioned to build on our strong foundations, drive growth, and continue delivering high-quality services to our clients across the Highlands and beyond.

“I look forward to working with the talented teams at both companies to achieve our shared goals and capitalise on new opportunities.”

These acquisitions bring a combined workforce of 55 staff under GEG Capital’s umbrella, reflecting its commitment to fostering talent and driving expansion in the region.

Jia MacKenzie, GEG capital director, added: “We are delighted to add Calder Electrical and Scotbuild to our construction portfolio.

“Both companies have excellent cultures, values and exemplary track records in their field.

“At the heart of this announcement is a testament to our commitment to developing internal talent.

“We are thrilled to announce that Daniel Cormack has been appointed as the new managing director for Calder Electrical and Scotbuild. Dan’s journey is an inspiring example of the growth opportunities within our organisation. 

“With Dan’s vision and experience, Calder Electrical and Scotbuild are well-positioned for future growth and success.

“Importantly, all staff within Calder Electrical and Scotbuild will remain with the business, eager to embark on this new chapter.”

Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →

Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.