Lakehouse has acquired Foster Property Maintenance (FPM) in a deal which will give the firm a significant presence across the East of England.

East Anglia-based FPM is a property services company working in the affordable housing and public property sectors for local authorities and other housing providers in Cambridgeshire, Lincolnshire, Norfolk and Suffolk. The acquisition will see FPM's £50m business integrated into Lakehouse's existing operations and will increase staff numbers to more than 900.

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FPM's Managing Director, Steven Foster, will remain with the company when ownership formally transfers to Lakehouse, underlining the importance of the family's involvement in the business they founded in 1976 and Lakehouse's commitment to working with the existing management team.

The acquisition follows the successful purchase and integration of K&T Heating Services in October 2011 and Allied Protection, a fire detection and alarm systems provider, in November 2012.

(CD/JP)