Cardo Group Seals Deal Amid Breyer Group's Administration
Deal News | Apr 17, 2025 | FM Business Daily
Cardo Group has executed a strategic move amid Breyer Group's administration, ensuring the continuation of essential services and job security in the South East of England. The firm acquired Breyer Group's Roofing division through an asset purchase agreement and took over a pivotal contract with the Royal Borough of Kingston upon Thames for responsive repairs and maintenance. Glen Carter, partner at RSM UK and joint administrator, affirmed that these transactions preserved numerous jobs and maintained services for key clients. Liam Bevan, CEO of Cardo Group, emphasized the importance of swiftly addressing the needs of residents, local authorities, and skilled workers affected by Breyer's sudden collapse. This expansion reinforces Cardo's standing as a leading provider in housing repair and maintenance across the UK.
Sectors
- Construction
- Facilities Management
Geography
- United Kingdom – Cardo Group's operations, as well as the services involved in the acquisition, are primarily focused within the UK, impacting residents and local authorities in the region, particularly in the South East and Kingston upon Thames.
Industry
- Construction – The acquisition of Breyer Group’s Roofing division pertains to the construction industry, focusing on roofing and housing repair services.
- Facilities Management – Cardo Group's focus on responsive repairs and maintenance classifies it under the facilities management sector, where it manages and maintains facilities for clients.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Cardo Group | Acquirer | Company | A company specializing in housing repair and maintenance services, expanding its reach across the UK by acquiring Breyer Group’s assets. |
| Breyer Group | Target Company | Company | The company entering administration, which had a Roofing division and a contract with the Royal Borough of Kingston upon Thames. |
| RSM UK | Administrator | Company | A professional services firm, represented by partner Glen Carter, involved in the administration and subsequent sale of Breyer Group’s assets. |
| Royal Borough of Kingston upon Thames | Other Company (Client) | Company | A local authority involved in the contract for responsive repairs and maintenance, now taken over by Cardo Group. |
| Glen Carter | Joint Administrator | Person | Partner at RSM UK, involved in the administration of Breyer Group and the subsequent transactions. |
| Liam Bevan | CEO | Person | CEO of Cardo Group, leading the acquisition and transition efforts after Breyer Group's administration. |