Contollo Group, a Knutsford, UK-based building consultancy company, received an investment from NorthEdge.
The amount of the deal was not disclosed.
The company intends to use the funds to undertake a UK-focused buy and build strategy, which will support the business to serve the demand for tech-enabled smart buildings.
Led by CEO Ruth Percival, and Executive Chair Oliver Dennis, Contollo is a newly formed building consultancy company offering consulting services in cost management, project management and MEP design and planning, with a particular expertise in supporting clients achieve their Net Zero ambitions.
Upon completion of the investment, Contollo secured its first acquisition, a Manchester-based cost management consultancy called Abacus. Formed in 2007 by Ellis Goodfellow and Mike Perry, Abacus is an independent cost management consultancy offering quantity surveying, project management, and technical services, including due diligence, technical assurance, and fund monitoring to the construction sector. The firm has experience in numerous sectors, including multi room residential accommodation (student, BTR & hotels), sport & leisure, industrial & logistics, and commercial projects, and has collaborated with major private developers, operators, funders, and education providers.
Commenting on the news, Ruth Percival said: “We are thrilled to be partnering with the highly talented and experienced team at Abacus. Our mission is to build a market-leading, integrated building consultancy that helps our clients achieve their Net Zero ambitions in the built environment. This acquisition lays a robust foundation of experience and expertise for further acquisitions and growth.”
FinSMEs
14/02/2024