An Inverness investment group has bolstered its electrical and construction portfolio with the acquisition of two Highland contractors.
GEG Capital has snapped up Calder Electrical, an electrical contractor, and Scotbuild, a multi-trades construction company in what it declared was an “exciting step”. The two firms will continue to operate under their established brands, with all 55 staff retained.
GEG Capital said it will provide support and resources to drive and innovation at the businesses, which will be led by Daniel Cormack, who has been appointed managing director of Calder Electrical and Scotbuild. Mr Cormack has held various roles within the group over the last 15 years, and graduated from the GEG Capital Emerging Leaders Programme.
He said: “I am honoured to take on this role and lead Calder Electrical and Scotbuild during such an exciting time for both companies. With the support of GEG Capital, we are well-positioned to build on our strong foundations, drive growth, and continue delivering high-quality services to our clients across the Highlands and beyond. I look forward to working with the talented teams at both companies to achieve our shared goals and capitalise on new opportunities.”
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GEG Capital Director Jia MacKenzie, said: “We are delighted to add Calder Electrical and Scotbuild to our construction portfolio. Both companies have excellent cultures, values, and exemplary track records in their field.
“At the heart of this announcement is a testament to our commitment to developing internal talent. We are thrilled to announce that Daniel Cormack has been appointed as the new managing director for Calder Electrical and Scotbuild. Dan's journey is an inspiring example of the growth opportunities within our organisation. We are proud to say Dan is one of the first graduates of our Emerging Leaders Programme, from within his role as commercial manager and his success through this programme exemplifies how dedication, continuous learning, and ambition can lead to remarkable career advancement within GEG Capital.
“With Dan’s vision and experience, Calder Electrical and Scotbuild are well-positioned for future growth and success. Importantly, all staff within Calder Electrical and Scotbuild will remain with the business, eager to embark on this new chapter.”
Other companies in the GEG Capital portfolio include renewable energy maintenance specialist Gael Energy; civil engineering and construction contractor Global Infrastructure, Bracewell Stirling Consulting, and Capstone Construction. Its recruitment portfolio includes Global Highland, Cammach Bryant, Be Personnel and Genesis Personnel.
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