Holbeach businessman Ashley King has added to his varied portfolio after acquiring a 50 per cent share in Langwith Builders.
The deal went through on May 3 and Mr King is now in partnership with Ian Brown.
He said: “I was looking to get back into the building sector and was delighted when this opportunity came my way.
“Langwith Builders is a good local business with a long history and was a perfect fit for me.”
The company, which has been trading in Holbeach since 1927, works on a wide range of projects from housing to commercial.
Recent projects have included the sixth form building at the University Academy Holbeach, new premises for Gutteridge Ltd on Wardentree Park, Spalding, several high specification homes in Kirton, an extension to the Audi garage showroom in Peterborough and a new warehouse for Lincolnshire Field Products.