SCOTTISH-based construction and property business Edison Group has completed the acquisition of project management, interior fit-out and property maintenance business GDC Design.
Glasgow-based GDC Design is projecting sales of £4 million in 2023 from its bespoke joinery, manufacturing, interior fit-out, design and project management to local authorities, NHS, central government, charities, dentists, and hospitality, retail and construction clients.
Graham Christie, GDC Design’s previous owner and MD who retains a minority shareholding in the business, is remaining as a director in GDC Design until 2025 after which he will retire.
Edison founder and CEO Calum Melville confirmed the acquisition has safeguarded current jobs and although not all filled yet, created 35 skilled, well-paid jobs for the Glasgow economy.
Mr Melville said, “We are investing over £500,000 in GDC Design to build an infrastructure and platform to drive growth over the next few years with an expanded offering which includes construction, project management, architectural services, bespoke joinery, furniture manufacture, interior design, interior fit-out, all trades, driveways, landscaping, property maintenance and refurbishment.
“We have been very impressed with the high quality of work undertaken by Graham and his team. GDC Design is an extremely good fit for Edison Group, our strategic, and growth aims over the next few years.”
The takeover is the latest in a number of acquisitions by Edison Group in the construction and property sector at a time of increasing volatility and uncertainty.
“We are looking at complementary businesses and are projecting sales of £20 million on a rolling 12 months by the end of 2023 driven by further strategic acquisitions and organic growth,” Mr Melville added. “The group has decades of experience in starting, buying, building and growing businesses, both organically and by acquisition, driving operational and financial excellence and significantly increasing value for all stakeholders so we feel we have the right ingredients to succeed in a challenging environment.”