WALLACE Whittle has announced the acquisition of Glasgow-based building services consultancy and mechanical and electrical (M&E) engineering firm, Davie + McCulloch.
The move is said to mark a key milestone in Wallace Whittle‘s strategic growth journey, which has seen organic turnover increase from £8 million to over £14 million since its management buyout in 2021.
Allan McGill, MD of Wallace Whittle, said, “This acquisition is the next step in our growth strategy. Davie + McCulloch’s established presence in the higher education, secure accommodation and defence sectors complements our own expertise and will allow us to offer our industry-leading service to a broader client base.”
The deal is being funded through the company’s own funds and all staff from Davie + McCulloch will be retained, Wallace Whittle said. The Davie + McCulloch name will remain in the short- to medium-term to guarantee a smooth transition.
Mr McGill continued, “The opportunity to acquire such a long established (est. 1957) and recognised company as Davie + McCulloch was a simple decision for the Board; not only for the team’s sector expertise but also for its performance, profitability, and quality-driven approach, which aligns perfectly with Wallace Whittle‘s own values.”
With this acquisition, Wallace Whittle said it expects to surpass £15 million turnover in 2025 and will increase its staff to 160 across its eight UK offices. Further growth is planned in 2025 with the addition of two new offices in key regions.
McGill concluded, “While we’ve had great success through organic growth since the management buyout in 2021, this acquisition speeds up our growth plans by adding quality, experienced staff and a solid client network, helping us further strengthen our reputation in the market. We’re keen to expand our UK presence and are prepared to consider additional acquisitions or partnerships.”
Project Scotland spoke to Alan McGill and Stephen Osborne, director at Wallace Whittle, last year on the company’s continued growth. To read the article, click here.
