INDEPENDENT building materials distributor, Independent Builders Merchant Group (IBMG), has raised additional capital investment. Supplying southern England, IBMG secured the new funding with the support of its private equity owner, Cairngorm Capital Partners. The investment comes from funds managed or advised by investment firms Ares Management Corporation and Farallon Capital Europe LLP. The company says the
Expanding building maintenance specialist Cardo Group has signed off its fourth acquisition in a year putting it on track to report £170m turnover in 2024/25. The acquisition of refurbishment and decorating specialist A&N Lewis solidifies Gardo Group’s position as the largest building maintenance contractor in Wales. It joins LCB Group, Cardo (South) – previously known
QUINN LONDON is delivering the logistically complex replacement of the 1,600 sq m Victorian roofing at the Victoria & Albert Museum in South Kensington, London. It is the latest in a series of multifaceted projects by Quinn for the V&A. The project involves the complete replacement of the Grade I listed Georgian wire pyramid glazed
The Competition and Mergers Authority has cleared materials giant Heidelberg Materials’ takeover dealto buy earthmoving and demolition waste recycling contractor Mick George Group. Heidelberg announced the acquisition move on the £220m turnover Mick George business last year to strengthen its circular materials offering while complementing its existing aggregates and ready-mixed concrete businesses. Mick George operates
PEOPLE in the countryside are leading the way on solar power generation, reveals new research from CPRE, the countryside charity. Of the 50 English parliamentary constituencies with the highest domestic solar generation capacity, 48 are in rural areas. On average, each rural constituency has domestic solar panels with a total generating capacity of 12.5 MW,
ROOFERS have the longest waiting lists out of all the trades due to a shortage of skilled operatives, according to new research. Roofers’ waiting lists are now on average nine weeks long, compared to the average waiting time for a tradesperson in the UK of almost five weeks The study by IronmongeryDirect, surveyed workers across
Lendlease Construction Europe saw pre-tax profits fall by around 37% to £11.9m after a challenging year and losing a claim against its consultant on a Leeds hospital project. Simon Gorski, managing director of Construction for Lendlease Europe, said revenue had also slipped by around 8% to £509m in the year to June 2023, due to
Bath-based building contractor Halsall Construction has filed a notice of intention to appoint an administrator. The family-owned contractor started out in 1974 as a local builder growing into a multi-disciplinary regional contractor operating across the south west, employing around 60 staff. It forms part of Bath-based Shepperton Group and delivers new build and refurbishment projects
Homes England and Network Rail Property have signed a development agreement with McLaren Property and Arlington Real Estate to be strategic development partners for the York Central £1.1bn scheme. The vast 45-hectare scheme will transform of one of the largest brownfield sites in England alongside other partners the City of York Council and the National
With the approval, GAF Energy’s Timberline Solar meets or exceeds the High Velocity Hurricane Zone requirements of the Florida Building Code standards for safety, wind resistance, and waterproofing.
