Artur Levickis said his purchase of Nodram Decorators (Aberdeen) Limited, which employs 25 staff and has a turnover of around £1 million, will enhance the services offered by Aberdeen-based A&B Property Services, which he established in 2010.

Nodram Decorators (Aberdeen) Limited, which operates from Whitemyres Avenue, works with major housebuilders and construction companies on new build developments and building refurbishment projects. Alongside painting and decorating services, it provides Ames taping of plasterboard walls and the installation of Gyproc coving and ornate cornicing.

Under the deal, previous owners Donald and Cyril MacPhee will retain ownership of Nodram’s north and central divisions, which are based in Inverness and Bathgate respectively.

Based in South Esplanade West, A&B Property Services currently employs 10 staff and undertakes residential and commercial property refurbishments. It specialises in internal and external spray painting services for kitchen units and uPVC windows, doors and exterior cladding.

With both businesses offering complementary services it is expected that one will support the growth of the other, and in particular offer access to new markets for A&B Property Services’ uPVC spray painting services. Mr Levickis intends to grow Nodram Decorators (Aberdeen) Limited over the coming years, with the aim of doubling staff numbers by 2025. It will continue to trade independently of A&B Property Services.

The deal was delivered with the support of a number of Aberdeen-based professional advisors who worked together to complete the transaction. Accountancy and tax advisory firm Fyfe Moir & Associates introduced both parties and facilitated the deal on behalf of the seller, while Drummond Finance secured funding to finance the acquisition, and Howie & Co Solicitors acted on behalf of Mr Levickis.

Commenting on the acquisition, Mr Levickis said: “I had been looking to expand the reach of A&B Property Services for some time and purchasing the Aberdeen division of Nodram Decorators offered an excellent opportunity to do that.  The two businesses complement each other and provide scope for cross-selling services, particularly our cost-effective uPVC spray painting provision.

“Nodram Decorators (Aberdeen) Limited has an excellent reputation and strong foothold in local market, which we look to build on in the coming years. With thousands of new homes expected to be built in the north-east this decade and ongoing investment in refurbishment projects, there are many opportunities for continued expansion.

“The deal is a great example of how a number of smaller experienced local businesses with excellent contacts and networks can pull together to deliver such agreements and help one another grow.”