£20m firm swoops for independent Yorkshire gas compliance company
An independent gas compliance firm in Selby has been acquired by a firm valued at more than £20m.
Morgan Lambert, which is part of the Millington Lord Group, has been bought by Liverpool-based tech company Gas Tag. Earlier this year private equity house Waterland invested in Gas Tag, valuing it at more than £20m.
The deal is set to create a leading multi-disciplinary compliance consultancy to the UK social housing sector. The firm works with social landlords to provide gas and electrical auditing and safety management consultancy, as well as Qualitas Compliance, which provides similar services to the private sector.
Simon Millington and Mick Lord will continue to work within the business, while Lee Bradshaw, who has worked in the company for nine years, has taken over as managing director for Morgan Lambert.
George Dutton, CFO of Gas Tag, said: “We are extremely excited about this strategic acquisition. It’s a fantastic opportunity which will help us to achieve our vision of making the UK the safest country in the world.
“Morgan Lambert and Qualitas Compliance have a significant amount of knowledge and experience as well as an impressive list of clients who put gas safety at the heart of everything they do.
“The complementary nature of our businesses will allow for a seamless integration; creating a significant and unique offering to our key customers.”
Bradshaw said: “This is an exciting time for us. Both Morgan Lambert and Gas Tag have a passionate desire to improve Gas Safety within the UK and these aligned interests will allow both businesses to focus on this vision, share innovation ideas and improve the sector.”
Millington added: “We have worked tirelessly to build a business based on professionalism, attention to detail and innovation. The acquisition by Gas Tag will enable further expansion of the business, taking it to a whole new level and I couldn’t be more pleased.”
