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Ambitious Cardiff startup makes third acquisition in a year as it eyes national expansion

The latest acquisition takes Cardo Group’s annual turnover to £115m

Cardo Group has acquired Jefferies Contractors in an undisclosed deal

An ambitious startup based in Cardiff has made its third acquisition since launching this year, as it looks to grow its presence across the 海角视频. Cardo Group - which supports social housing providers with their maintenance, compliance, retrofit and decarbonisation - has purchased building maintenance specialist Jefferies Contractors in an undisclosed deal.

It is the third acquisition by the company in a matter of months, after buying Cardiff construction firm LCB Group in May and Osborne Property Services in the south east of England earlier this month. Jefferies Contractors, which specialises in repairs and retrofits of social housing, has sites Pontyclun and Cannock in Staffordshire. It was founded by Terry Ware in 2008 who will take on the role of operations director at Cardo following the deal.

Fellow Jefferies director Leigh Bullock will move into the role of managing director. The latest acquisition takes Cardo Group’s annual turnover to £115m and workforce to over 650 staff. It is headed up by chief executive Liam Bevan, former founder of construction firm LCB Group, and strategy director Jane Nelson.

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Mr 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 improve 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 3 years.”

Mr Bullock said: "This will provide us with the investment and support of a group determined to prudently and sensibly grow its footprint and which is led by highly respected industry players. This will facilitate our future growth within the market.”