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Enterprise snaps up northern M&E firm

FINANCE

MAINTENANCE contractor Enterprise has bought Warrington-based M&E outfit Heating & Building Maintenance for £250,000.

Enterprise will loan HBM £1.2 million to pay creditors and provide working capital.

Enterprise chief executive Jack McGrory said: 'This will strengthen Enterprise's ability to penetrate the private sector outsourcing market.'

HBM works for its local borough and county councils and broke even in the year to March 2004 on a £6 million turnover.