GEG said the strategic acquisitions of electrical contractor Calder Electrical and multi-trades construction company Scotbuild mark “an exciting step” for the firm.

Both companies will continue to operate under their established brands, with ongoing support and resources from GEG Capital to drive growth and innovation. All 55 staff have been retained.

Heading up the companies within the group is Daniel Cormack, who has been appointed managing director of Calder Electrical and Scotbuild.

Mr Cormack has held various roles within the group over the last 15 years and has graduated through the GEG Capital Emerging Leaders Programme.

Speaking about his new role, Mr Cormack said: “I am honoured to take on this role and lead Calder Electrical and Scotbuild during such an exciting time for both companies.

“With the support of GEG Capital, we are well-positioned to build on our strong foundations, drive growth, and continue delivering high-quality services to our clients across the Highlands and beyond. I look forward to working with the talented teams at both companies to achieve our shared goals and capitalise on new opportunities.”

GEG Capital director Jia MacKenzie added: “We are delighted to add Calder Electrical and Scotbuild to our construction portfolio. Both companies have excellent cultures, values and exemplary track records in their field.

“At the heart of this announcement is a testament to our commitment to developing internal talent. We are thrilled to announce that Daniel Cormack has been appointed as the new managing director for Calder Electrical and Scotbuild.

“Dan’s journey is an inspiring example of the growth opportunities within our organisation. We are proud to say Dan is one of the first graduates of our Emerging Leaders Program, from within his role as commercial manager and his success through this programme exemplifies how dedication, continuous learning, and ambition can lead to remarkable career advancement within GEG Capital.

“With Dan’s vision and experience, Calder Electrical and Scotbuild are well-positioned for future growth and success. Importantly, all staff within Calder Electrical and Scotbuild will remain with the business, eager to embark on this new chapter.”