Cardo Group completes an acquisition hat-trick

Aaron Morby 8 months ago

Cardo Group has completed its third acquisition in four months with the purchase of building maintenance specialist Jefferies Contractors.

Cardo Group CEO Liam Bevan said the deal takes the business into the Midlands
Cardo Group CEO Liam Bevan said the deal takes the business into the Midlands

This latest acquisition takes the social housing maintenance group’s annual turnover to £115m, directly employing over 650.

Investor-backed Cardo Group was established four months ago through the purchase of £50m turnover Welsh social housing contractor LCB Group.

LCB Group managing director, Liam Bevan, then became CEO of the newly-formed operation.

Two weeks ago, Cardo acquired south-east based Osborne Property Services, formed by Geoffrey Osborne Group in 2006.

West Midlands-based Jefferies has now been added to the group’s portfolio of companies.  

Jefferies was established by Terry Ware in 2008 and, like it’s two stable mates, is a specialist in social housing building maintenance. 

Ware will take on the role of operations director while fellow director at Jefferies, Leigh Bullock, also remains with the business, stepping up to managing director.  

Bevan said: “I am delighted to welcome everyone at Jefferies to the Cardo Group.  This is the third company we have acquired with strong shared values and a demonstrable ability to improving the quality, energy efficiency and warmth of social housing homes and other properties.  

“This collective reputation gives us a strong foundation to seize emerging business opportunities.

“The acquisition of Jefferies extends Cardo Group’s geographical reach into the midlands and we are looking to build on that with a target to double Jefferies’ turnover in the next three years.”  


Latest news

Aluminium cladding specialist collapses

Melton Mowbray-based firm worked for several main contractors
12 hours ago

Brickwork contractor Lee Marley returns to profit

Affordable and rental homes demand lifts brickwork contractor
13 hours ago

Housing contractor Durkan suffers second year of losses

More fire safety provisions tip firm into £3.9m loss
14 hours ago

Farrans makes breakthrough on tricky tunnel job

Tunnel under Tees latest part of new £155m water pipeline job
13 hours ago

Heidelberg buys aggregates and earthworks specialist B&A

Latest deal follows acquisition of Mick George
13 hours ago

Flagship biodiversity net gain scheme flawed

NAO warns Government's flagship green development scheme at risk of failure
3 days ago

Plan in for £3bn Lincolnshire mega data centre

3.3m sq ft Humber Tech Park will be one of Europe's largest data centres
4 days ago

Green light for Digbeth 1,300 homes scheme

Warner’s Fields scheme to start with excavation and landscaping of the River Rea
4 days ago

£210m M3 Junction 9 upgrade gains consent

VolkerFitzpatrick to start work in early 2025 on Winnall roundabout, near Winchester
4 days ago

United Living wins 14-year L&Q homes repairs deal

Trafford housing upkeep deal worth £205m
4 days ago

£400m Lewisham resi-led scheme advances

Land deal paves way for Amro Partners' 1,000-home London scheme
4 days ago

McLaren gets go-ahead for Grade II listed Leeds student scheme

Springfield House to be revamped and two new wings added
4 days ago

Piling giant to fit people alarms on all rigs

Cementation Skanska upgrades site safety systems
4 days ago

Vistry to make £800m profit after subcontractor cost cuts

House builder bullish about shareholder returns after asking suppliers for discounts
5 days ago

Shareholders approve £2.5bn Barratt and Redrow merger

Final hurdle is for the competition regulator to approve the deal.
5 days ago

Green light for £80m Leith waterfront revamp

Build-to-rent homes and student accommodation scheme to be built
5 days ago

Tilbury Douglas clears Interserve legacy jobs to return to profit

Revenue tops £500m in first year as standalone contractor
5 days ago

Land deal paves way for Manchester civil service office hub

Government buys five acres at former Central Retail Park
4 days ago

Speller Metcalfe wins Wolverhampton library upgrade

Full works are due to start in the autumn
5 days ago

Skills shortage puts big infrastructure projects at risk

Government failing as an intelligent client and now over-reliant on consultancies
6 days ago

Contractors face further insulation board price hikes

Cost of PIR insulation boards set to rise another 10%
6 days ago

Henry Boot wins £36m Rotherham Markets job

Project involves upgrading existing market and building a new library
6 days ago

Keltbray hires new head of infrastructure procurement

Lukasz Olszewski will oversee rail, energy and highways business units
6 days ago

Tunnel fit out robot to revolutionise civils work

Costain and VVB Engineering part of innovative consortium
6 days ago

Funding deal for £86m wind turbine test centre

Latest investment at National Renewable Energy Centre in Blyth
6 days ago

Plan in for Manchester ‘upside-down’ 18-storey tower

Landmark cantilevered NXQ building plan for city Northern Quarter
7 days ago

London 25km Super Sewer hooked up for commissioning

Tideway completes connection to existing Lee Tunnel sewer system
7 days ago

£200m Lincoln ring-road approved

North Hykeham Relief Road granted planning permission
7 days ago

£1bn Manchester Airport City plan rebooted as new sci-tech hub

Plan pivots from offices to science and manufacturing campus, called MIX Manchester
1 week ago

Record results at maintenance specialist Renew

Infrastructure maintenance work continues to pay off for contractor
7 days ago

Contractor services