Announced
Completed
Synopsis
Citycare Property, a values-driven organization that builds, operates, maintains and renews the social infrastructure, completed the acquisition of Spencer Henshaw, a privately owned, independent property maintenance business. Financial terms were not disclosed. “This purchase enables us to grow our market share in the social housing sector which is a core component of our Towards 2030 Strategy. We are looking forward to the start of a new working relationship with Spencers. There is strong synergy between the two companies, in that we are both New Zealand owned businesses and we share similar values with a shared commitment to health and safety, genuine care for our people and sub-contractors and the provision of excellent service to our customers and our communities,” Peter Lord, Citycare Property CEO.
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