Swindon pioneering housing and regeneration agency GreenSquare Group has acquired heating contractor and consultant G W Sparrow, also based in the town.
GreenSquare was formed in April 2008 and includes housing associations Oxford Citizens and Westlea, commercial subsidiary Oakus Estates and in-house construction firm Tidestone. It also works in partnership with designer Kevin McCloud’s company Hab in the joint venture Hab Oakus.
Family-owned G W Sparrow was established in 1974 and provides plumbing and heating services across Wiltshire. Managing director Robert Sparrow will continue to head the business as it develops further as part of GreenSquare’s Oakus subsidiary.
GreenSquare director of commercial management Tom Pritchard said: “GW Sparrow is already a company with firm foundations and a long-established customer base and we think that, under our ownership, the company has great scope to further develop and grow in the future.
“The company has increasingly been involved in renewable energy installations and this is of particular interest to us as it will be brilliant to have this expertise within the group."
Mr Sparrow added: “The future of GW Sparrow is exciting and we look forward to working together for growth in all sectors especially renewable energy installations.”
As well as managing its 10,000-strong property portfolio, GreenSquare also builds social housing and homes with affordable rents, market rents and for sale.
Lead corporate finance adviser on the sale was accountants and business advisers Baker Tilly in Bristol with legal advice coming from Bond Pearce’s office in the city.
Baker Tilly corporate finance partner Nick Harber said: “GreenSquare’s acquisition of G W Sparrow is a good reflection of its capability and patience to complete a transaction in spite of the uncertain economic conditions. With future investment in the business, G W Sparrow will be an excellent addition to GreenSquare’s services.”
