Published: 03/05/2018 16:33 - Updated: 03/05/2018 16:38

Springfield continues to grow with £20m buyout

 

sandy adams springfield
Sandy Adams with Alan MacDonald, the chairman of Dawn Homes

MORAY company Springfield Properties has bought Glasgow-based Dawn Homes for just over £20million.

The acquisition is part of the Springfield’s stated strategy to accelerate its growth throughout Scotland.

Sandy Adam, the
company’s executive chairman, said: "This was a rare
opportunity to acquire a profitable company that builds great homes. Dawn Homes is a well-run business with an excellent reputation in Western Central Scotland.

"I am delighted that they are joining our team and welcome all their employees into our company.

"There is a massive need for more housing in Scotland and Springfield will play a significant part in addressing that need.

"Overall, this acquisition will enable Springfield to grow and deliver housing more widely across Scotland."

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