Construction News

14/09/2015

Lakehouse Acquires Sure Maintenance For £6.5m

Support services group Lakehouse has acquired Sure Maintenance Group in a £6.5 million deal.

Sure provides gas servicing, maintenance and installations to social housing in the North of England and Midlands.

Depending on the company's performance, Lakehouse could pay an additional £2.35m.

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The deal represents Lakehouse's third acquisition, having also taken over smart metering specialist Providor (£4.75m) and energy advisor Orchard (£7m).

Stuart Black, Executive Chairman, said: "Sure's specialist skills, client base and business infrastructure give us a platform to capitalise on the growth opportunities from within the UK compliance services industry."

Darren Cunningham, Chief Executive of Sure, said: We're thrilled to be joining Lakehouse, which will allow us to build on a successful period of strong and consistent growth."

(LM/CD)

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