Gas Tag has bought gas compliance consultants Morgan Lambert, with the aim of creating a “multi-disciplinary compliance consultancy” for social housing.
The acquisition is for the Millington Lord Group, which includes Morgan Lambert, who work with social landlords to provide gas and electrical auditing and safety management consultancy, as well as Qualitas Compliance, which provides similar services to the private sector. Gas Tag is a leading ‘reg-tech’ company whose technology has been developed to enable housing providers to meet their gas safety and associated regulatory requirements.
George Dutton, CFO, Gas Tag, said, “We are very excited about this acquisition. It’s a fantastic opportunity which will help us to achieve our vision of making the UK the safest country in the world.
“Morgan Lambert and Qualitas Compliance have a significant amount of knowledge and experience as well as a long list of customers who put gas safety at the heart of everything they do. The complementary nature of our businesses will allow for seamless integration across our operations; creating a significant and unique offering to our customers.”
At the start of 2018, private equity company Waterland acquired a minority stake in Gas Tag, valuing it at over £20 million.