Consultant agrees acquisition of building services firm based in the South-east
Consultant WSP Group has announced the acquisition of Charterhouse Building Services for £2.4m.
It has agreed to buy the building services and environmental design engineering firm for a cash consideration payable on completion.
Charterhouse’s unaudited financial results for the year ended 31 March show revenue of about £3.8m with pre-tax profit at £350,000.
Its gross and net assets are about £1.3m and £475,000 respectively.
Charterhouse has two offices in the South-east of England.
Commenting on the transaction, Chris Cole, WSP's chief executive officer, said: “The acquisition of Charterhouse brings to the group additional staff resources and new clients which will reinforce the services we offer in this important business area.”