Ayrshire-headquartered construction property and investment business Edison has acquired Livingston-based Maplewood Joinery and Construction, an all-trades commercial and residential property operator.
It is the group's intention to merge Maplewood with the Edinburgh Driveway Company - which is also Livingston headquartered - that Edison bought over in January.
Edison chief executive Calum Melville said: “Maplewood gives Edison Group a very similar operation to that of the Edinburgh Driveway Company, but one that serves the east coast of Scotland up to Dundee, down to the Borders and from Edinburgh across to Glasgow.
“As a result, this, for us is a key strategic move to give us a market-leading presence in Scotland’s areas of highest population - we anticipate that the combined business will turnover around £5m in 2023.
“We have never made any secret of our ambitions and we are determined to continue to grow rapidly,“ Melville continued, adding: “We are in legal stages with two further acquisitions, which will bring bringing consolidated sales on a rolling 12-month basis up until June 2023 to £26m.”
Edison Group, which recently opened new offices in Irvine, has been active in acquiring complementary businesses in the construction and property sectors.
Melville added: “We remain firmly in the market to acquire businesses that are complementary to our group activities are investing substantial sums to build an infrastructure and platform to drive growth over the next few years.
“Our consistently expanding offering includes construction, project management, architectural services, bespoke joinery, furniture manufacture, interior design, interior fit out, all trades, driveways, landscaping, property maintenance and refurbishment.“
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