Clearwater International UK has completed a second transaction with Lakehouse plc, a UK-based asset and energy support services group, advising on the sale of its construction and property services divisions, comprising the legal entities Lakehouse Contracts Limited and Foster Property Maintenance Limited.
Lakehouse Contracts and Foster Property Maintenance employ over 200 staff principally across the UK. Both businesses have been acquired by Mapps Group Limited; a newly formed entity backed by a team of sector specialists.
The sale will allow Lakehouse to concentrate on its core growth businesses of compliance and energy services. The business serves customers in the social housing and public buildings markets, along with a broad mix of customers in energy services and an increasing number of industrial and commercial customers.
The Clearwater International team comprised of Partners Phil Burns and Marcus Archer, Associate Directors Stephen Nemeth and Mark Maunsell, and Senior Associate Alex Brindley.
Bob Holt, Executive Chairman of Lakehouse plc, was “delighted with the sale”.
Bob Holt, Executive Chairman, Lakehouse plc
Marcus Archer, Partner, Clearwater International