Leading independent firm of chartered accountants and business advisers, Johnston Carmichael, has recently supported Rodgers & Johnston Ltd, a maintenance service provider to local housing authorities, through its acquisition by Cardo Group, a leading provider of building maintenance and retrofit services for social housing and public sector buildings.

Johnston Carmichael was engaged by Rodgers & Johnston to manage the transaction from initial marketing through to deal completion.

Rodgers & Johnston is one of the top independent repairs and maintenance providers in central Scotland with an excellent reputation for delivering high quality, reliable services. The business provides a fully integrated multi-trade repair and maintenance service to its customer base which includes void property works, out-of-hours services and medical adaptations.

Headquartered in Cardiff, Cardo operate across the UK and Rodgers & Johnston is their second acquisition in Scotland. The transaction allows Cardo to increase its UK coverage and expand its market offering.

Managing Director Greg Johnston said: “The Corporate Finance team at Johnston Carmichael were proactive in developing their relationship with Rodgers & Johnston over a period of time. They were instrumental in assisting us in achieving our ambitions, by securing the ideal buyer for the business and in achieving favourable returns to all stakeholders.”

Alan Hamilton, Corporate Finance Partner at Johnston Carmichael, said: “Rodgers & Johnston’s reputation for quality, as underpinned by its long term customer relationships, is an ideal fit for Cardo and this transaction represents a significant milestone for the business. We’re delighted to have supported the shareholders of Rodgers & Johnston in selecting the right partner and to help them achieve their ambitions. Their expertise has provided a strong platform to build from in the years ahead and Cardo Group’s experience and track record means the future for the business is very exciting.”