Bertram's chief executive Graeme Scott told Nursery World that he thought the Scotland-based chain, which now has 27 nurseries providing 1,700 childcare places, would grow to 40 'in a matter of months' and could have a portfolio of 60 or 70 facilities within two years.
'We are basically on the acquisition trail and have a £20m cash facility to do this. There is no reason to stop acquiring if you are able to manage the whole thing,' he said, confirming that up to 12 more acquisitions were immediately in the pipeline.
He said that last year the company rejected between 12 and 15 potential acquisitions - 'so we don't go in for them just for the sake of it. It all depends on what comes along and whether it's of the right quality,' he added.
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