M&A

Kier is reported to be in talks to buy Tilbury Douglas. The Cabinet Office has been notified of Kier’s intention to buy Tilbury Douglas, according to Sky News. Kier is one of the government’s largest strategic suppliers. One analyst Construction News spoke to this morning said acquiring Tilbury Douglas could…

M Group Services has acquired Babcock International Group’s overhead-powerlines business for £50m, continuing its trend of acquisitions. The division reported profit before interest and tax of £7m on revenue of £70m in Babcock’s last financial year, ending 31 March 2021, and served clients including National Grid and Western Power Distribution.…

M Group Services has acquired £20m-turnover electrical control and instrumentation specialist Z-Tech Control Systems. The company, which has risen to become the 10th largest contractor in the UK, has now made 14 acquisitions in the last five years. Z-Tech, which has a turnover of £20m and around 230 employees, provides…

Bouygues has struck a deal to buy Equans, the construction and services business owned by Engie, that includes the latter's UK Regeneration and facilities-management arms. The two French companies have agreed to a €7.1bn (£6.1bn) deal for the sale, which is expected to be completed in the second half of…

United Living has bought a telecoms firm to boost its ability to provide infrastructure services for customers. It has bought Great British Communications for an undisclosed sum, which it described as “a specialist provider of acquisition, design, build, procurement, installation, commissioning, maintenance and repair services to mobile network operators [and]…

Property giant Landsec is set to buy regeneration specialist U+I in a deal worth £190m. Landsec announced this morning it had reached agreement to buy all ordinary shares in U+I for £1.49 each, a 73 per cent premium on the 86p price the company closed at on Friday. The offer…

Housebuilder Stuart Milne Group is offloading its timber frames business to focus exclusively on building. The group said that it was looking to divest in Stewart Milne Timber Systems (SMTS), which it claimed is a £100m business after it saw record sales of its housing developments post-pandemic. By selling this…

French construction-equipment giant Altrad has acquired RMD Kwikform from Interserve Group. The value of the deal for the engineering solutions business, which specialises in formwork, falsework and shoring, has not been disclosed. In its last filed accounts for the year to 31 December 2019, RMDK had a book value of…

Pimlico Plumbers chair Charlie Mullins has left the firm after completing its sale to US home services company Neighborly. The deal was announced officially on Monday afternoon, with the company hailing the sale as an opportunity for further growth. Mullins’ son, Scott, will continue as CEO of the company under…

Ex-chancellor of the Exchequer Lord Philip Hammond is involved in a £300m takeover bid for Amey, it has been reported. Buckthorn Partners, a private investment firm, has made an offer for the company as part of an auction by parent company Ferrovial, according to Sky News. The broadcaster reported that…