Chartered surveyor snaps up London QS in a deal worth over £250,000
South-east based chartered surveyor Millbridge Group has snapped up London quantity surveyor LG Consult in a deal estimated to be worth more than £250,000.
LG Consult had a turnover of about £750,000 last year and specialises in insurance valuation and settlements, commercial fit-out and dispute resolution.
Mike Nicholson, Millbridge’s chair, said: “The deal gives us an in-house QS for the first time. It enables us to open up a new market as well as improve our services to clients.”
Nicholson added that he expected the company’s turnover of QS work to “at least double” following the acquisition.
Prior to the deal, Millbridge outsourced work to LG Consult, among other QS firms.
Nicholson added: “We see this as an excellent addition to the current services we provide. This supplements our project management and building surveying teams.”