Building services provider Johns Lyng Group has acquired two more strata management businesses, further strengthening its presence in the market.

The business announced last week its strata subsidiary, Bright & Duggan, completed its investment transactions for Brisbane-based BrisBay and Melbourne’s Aligned Property Group.

BrisBay focuses on small buildings and has a portfolio of 1387 lots across 123 strata schemes.

Johns Lyng says the acquisition of BrisBay will serve as a direct “bolt-on” to Bright & Duggan’s existing strata management portfolio of more than 87,000 lots, building on the business’s significant presence in south-east Queensland.

With Aligned Property Group, the business acquired its management agreements for 214 lots across 26 strata schemes via deed of assignment.

Johns Lyng says the deal represents a further step in the business’s strategic growth trajectory, creating a platform for rapid expansion in the Melbourne market.

APG Director Caroline Petryshyn will join Bright & Duggan Victoria as a business partner and will be responsible for overseeing the Melbourne expansion strategy.

Bright & Duggan paid a total of $1.09 million for the acquisitions from existing cash reserves.

“As we continue to consolidate our presence in what remains a fragmented market, these acquisitions will make strong additions to the Bright & Duggan portfolio,” Johns Lyng CEO Scott Didier said.

“We’ll strengthen our position in Brisbane and we’ve clearly identified a push into Melbourne as a major priority.”