Lakehouse buys property services firm

摘要

Lakehouse has acquired East Anglian firm Foster Property Maintenance in a deal that will improve the firm's access to clients in the East of England and boost its staff headcount to more than 900 employees. Established in 1976, FPM is a property services company that works in the affordable housing and public property sectors for local authorities and housing providers in Cambridgeshire, Lincolnshire, Norfolk and Suffolk. The acquisition means FPM's £50m business will be integrated into Lakehouse. FPM managing director Steven Foster will remain with the company when ownership formally transfers to Lakehouse. The acquisition follows Lakehouse's purchase of K&T Heating Services in October 2011 and fire detection and alarm systems provider Allied Protection in November 2012.