NorthEdge Capital has made a significant investment in Contollo Group, a newly formed building consultancy company.
While the exact amount of the deal remains undisclosed, the investment is poised to fuel Contollo’s growth and support its buy-and-build strategy in the UK.
Utilization of Funds: Tech-Enabled Smart Buildings and Net Zero Ambitions
Contollo Group, led by CEO Ruth Percival and Executive Chair Oliver Dennis, plans to deploy the funds to execute a UK-focused buy-and-build strategy.
The primary objective is to meet the growing demand for tech-enabled smart buildings.
Additionally, Contollo specializes in offering consulting services in cost management, project management, and MEP (Mechanical, Electrical, and Plumbing) design and planning, with a strong focus on aiding clients in achieving their Net Zero ambitions.
Strategic Acquisition: Abacus Joins Contollo Group
Simultaneously with the investment, Contollo Group successfully completed its first acquisition by bringing Manchester-based cost management consultancy Abacus into its fold.
Established in 2007 by Ellis Goodfellow and Mike Perry, Abacus brings a wealth of experience in quantity surveying, project management, and technical services.
The firm has a diverse portfolio spanning multiple sectors, including residential accommodation, sport and leisure, industrial and logistics, and commercial projects.
Comments on Acquisition and Future Vision: Building Market Leadership
Ruth Percival expressed enthusiasm about the partnership with Abacus, emphasizing their shared mission to establish Contollo as a market-leading integrated building consultancy.
The strategic acquisition of Abacus positions Contollo with a robust foundation of experience and expertise, setting the stage for further growth and acquisitions.
Conclusion:
NorthEdge Capital’s investment in Contollo Group underscores the confidence in the company’s strategic vision.
With a focus on smart buildings and Net Zero ambitions, coupled with the successful acquisition of Abacus, Contollo is poised for substantial growth in the competitive building consultancy landscape.