Construction and property consultant boosts public sector portfolio with purchase of regional player
Cyril Sweett has acquired QS and project manager Nisbet for 拢5.9m.
The deal will see the construction and property consultant takeover Nisbet鈥檚 offices in the Midlands, London, South and South-West.
Nisbet has 12 partners and 78 staff and operates primarily in the public sector, with 40% of its income expected to come from education this year.
Dean Webster, chief executive at Cyril Sweett said: 鈥淭he quality of Nisbet鈥檚 team is reflected in the strong track record of project wins, repeat work and referrals.鈥�
Nisbet recorded a turnover of 拢6.9m and adjusted profit (EBITDA) of 拢1.1m for the year ended 30 September 2007.
Martin Hadnutt, chairman of Nisbet said: 鈥淲e have experienced strong consistent organic growth in our key markets, and joining Cyril Sweett will enable us to take our development to the next level.鈥�
No comments yet