Donaldson Group completed the acquisition of Stewart Milne Timber Systems, from Stewart Milne.

Donaldson Group, a provider of asset, construction, financial, and property management services, completed the acquisition of Stewart Milne Timber Systems, a timber frame manufacturer, from Stewart Milne, an Aberdeen-backed housebuilding company. Financial terms were not disclosed. "This deal secures the future for a leading UK Business; enabling the growth plans for it to reach its full potential, while providing reliability and stability for its existing and new customers. SMTS is a natural fit for the Donaldson Group; it offers a similar family-owned ethos, and has a strong reputation and track record for investment and innovation. We’re pleased to welcome all 411 employees to our family business and look forward to working closely with Alex and the full team," Andrew Donaldson, Donaldson CEO.