Direct Refrigeration Services and Trianco Redfyre, the boiler company, were its most recent purchases, costing a total of £11m.
Taxable profits rose from £7.7m to £17.5m in the year to 31 October, but the dividend total is being held at 6.05p, with Bullough keen to build up earnings per share cover to twice the payout.
Gordon Bond, chief executive, expects further progress. "We continue to pursue acquisition opportunities in accordance with our strategy of building the four core divisions," he said.
Analysts expect profits to top £22.5m this year.Reuse content