Fri, 17 Jan 2025 | BUSINESS SALE
Cardo Group has made its first move into Scotland with the acquisition of Keith-based Heatcare Oil and Gas Limited.
Established in 2000, Heatcare installs, maintains, and services energy-efficient heat solutions alongside general property maintenance activities. Its service offering includes all-trades capabilities spanning plumbing, electrical work, joinery, painting, and refurbishment projects.
It caters for both commercial and domestic properties for various Registered Social Landlords and Insurance Providers throughout the North East of Scotland and beyond.
Cardo Group, based in Cardiff and owned by private equity group Buckthorn Partners, provides building maintenance and retrofit services for social housing and public sector buildings. It has a team of over 750 skilled operatives and specialists.
“We are pleased to welcome Directors Calum McCombie and Darren McLeod and the whole Heatcare team into the Cardo family. Their extensive expertise, combined with our existing strengths in M&E, renewables, and retrofit services, will further elevate our ability to deliver high-quality, energy-efficient solutions,” said Liam Bevan, Cardo CEO. “The addition of Heatcare strengthens Cardo’s reputation as a trusted name in property services and energy solutions. Heatcare’s skilled team and strong track record in the energy sector will play a key role in helping Cardo deliver integrated, sustainable, and customer-focused solutions.”
The Heatcare team, under the ongoing leadership of McCombie and McLeod, will, Cardo added, ensure a smooth transition into its group over the coming months.
McCombie said: “It has been a privilege for Darren and me to lead Heatcare and work alongside such a dedicated team, and we look forward to doing so well into the future. Our focus on delivering reliable and efficient heating solutions aligns perfectly with Cardo’s vision for energy-efficient systems.”
This acquisition is part of Cardo Group’s strategy to strengthen its service offerings and expand its footprint across the UK, with a particular focus on further growth in Scotland in the first few weeks of 2025.
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