T Clarke buys Waldon

The buyout incorporates Waldon Data and Waldon Security.

In the year to January 2005, Waldon reported a turnover of £4 million, a pre-tax profit of £113 000 and had net assets of £371 000.

T Clarke chief executive Pat Stanborough said: “Waldon Electrical Contractors is an excellent business with a first class reputation in its local markets of the south west of England.

“Developing our regional coverage and broadening our customer base are key parts of our strategy. Waldon fits our criteria perfectly. It delivers a good reputation and broad customer base with an excellent management team. I look forward to Waldon helping to deliver a successful and profitable future for the group.”