Cardo Group pursues growth strategy with latest acquisition, adding building services specialist to portfolio
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| https://constructionwave.co.uk/2025/09/24/cardo-group-pursues-growth-strategy-with-latest-acquisition-adding-building-services-specialist-to-portfolio/ |
Housing maintenance specialist Cardo Group has expanded its building services offering to the construction sector with its latest acquisition.
As part of its ongoing growth strategy, the group has acquired CTS Projects, a provider of building maintenance and improvement services to more than 65,000 public sector properties in Northern Ireland and the Republic of Ireland.
Cardo chief executive, Liam Bevan, said: “CTS has built a strong reputation across Northern Ireland and the Republic of Ireland, recognised for its commitment to quality, reliability, and community values – making this partnership a natural fit.
“This acquisition is an important step in our growth strategy, expanding our presence while ensuring that services continue to be delivered by local teams who understand and care for their communities.
“Together, we can support local jobs, invest in skills, and build long-term partnerships that benefit clients, suppliers, and residents across the Island of Ireland.”
The growth of Cardo Group
Cardo Group was formed when social housing contractor, LCB Group was sold by its founder, Bevan, now CEO of Cardo Group, to private equity firm, Buckthorn Partners. It was started to support social housing providers with compliance, retrofit, maintenance, and decarbonisation services.
Since then, Cardo has quickly developed its portfolio of businesses, most recently by absorbing the operations of specialist energy contractor SERS Energy Solutions Group Limited and SERS Energy Solutions (Scotland) Limited across England, Wales, and Scotland.
Before that, Cardo acquired Breyer Group’s roofing arm in the wake of the latter entering administration, as well as acquiring HeatCare Oil and Gas Limited, an energy services provider in Scotland.
Last year, Cardo also acquired building refurbishment and decorating business, A&N Lewis Limited, and in the past has purchased the property maintenance division of construction solutions provider Osborne Group, and building maintenance specialist, Jefferies Contractors Limited.
As well as the island of Ireland, Cardo operates across South Wales, the South West, London, the South East, the Midlands, and Scotland, providing a range of services which include:
- Retrofit and energy efficiency upgrades
- Responsive repairs, voids, and disrepair
- Compliance and statutory servicing
- Refurbishment and project works
- Mechanical and electrical (M&E) services
- Commercial buildings
- Planned maintenance (Decent Homes Standard)
Bosses said the acquisition of CTS will broaden Cardo’s building services offering within Northern Ireland and the Republic of Ireland, including to public sector organisations.
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CTS founder, Connaire McGreevy, said: “Joining Cardo is a natural next step for CTS and an exciting opportunity for our team. We’ll be able to build on the strong foundations we’ve established over many years, while opening the door to new expertise and large-scale growth.
“For our clients and supply chain partners, it’s business as usual – we’re the same dedicated team with the same commitment to quality.
“Becoming part of Cardo gives us greater resources to invest in our people, support local suppliers, and create new opportunities, from Waterford to Derry-Londonderry.”
Was this interesting? Try: The rapid rise of Statom Group – A year in construction
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