Maintenance firm builds presence with takeover
A building maintenance firm has expanded with a takeover.
Cardo Group has bought EFS Systems (UK).
Bosses say the move for the Merthyr Tydfil-based electrical and solar installation and maintenance company bolsters Cardo Group’s “self-delivery capability and presence across Wales and the wider UK”.
Under the terms of the deal, EFS Systems (UK) will continue operating under its existing leadership team.
Headquartered in Cardiff, Cardo Group is known for services including building repairs, retrofit and energy efficiency upgrades, mechanical, electrical and roofing services, and fire safety works.
Liam Bevan, chief executive at Cardiff-headquartered Cardo Group, said: “This acquisition strengthens our ability to deliver integrated services for clients, while continuing to grow our presence in key regions.
“Just as importantly, it brings in a team with the right values and expertise to support our long-term ambitions.”
Robert Hadley, EFS Systems (UK) managing director, added: “We’ve built a solid reputation for consistent delivery and a hands-on and responsive approach since 2003.
“Being part of Cardo Group allows us to build on that foundation, with access to greater scale, support and opportunities.”
The takeover comes after Cardo Group expanded with a deal for Trident Maintenance Services and secured a place on social landlord L&Q’s Major Works Investment Programme.
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.
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular morning National email for free.
Purposeful procurement for long-term growth
Time to rethink outdated views on apprenticeships
The scale-ups rocketing through our fast world
Care about the experience, not just the outcome
The rise of an alternative investor model
Bots don't beat personal business coaching
From COVID-19 to the Middle East crisis
How to build credibility in B2B marketing
Is your business ready for the trade union change?
Government 'must take its foot off businesses' throats'
Upskilling key to civil engineering's future
Why apprenticeships are becoming a strategic asset