Mon, 04 Jul 2016 | DIVISION SALE
Construction group Kier is gearing up to sell off Mouchel Consulting, after buying it just over a year ago, in a bid to hone in on its own main construction, property and services, Construction Enquirer reported.
Kier bought Mouchel Consulting, an international infrastructure engineering business with about 2,000 consultants and other staff, in April 2015 for £265 million, integrating the business into its own highways and local authority maintenance operations. The newly enlarged group was responsible for maintenance on one-third of the UK's road network.
However, the move to sell came about after Kier boss Haydn Mursell resolved that Mouchel Consulting wasn't a good fit for its in-house design business.
As part of Kier's wider plan to trim operations, it will wind down its Caribbean construction arm (due to difficult trading conditions) for a one-off cost of £18 million.
Meanwhile, in the UK, the group's waste contracts in Chester and in East Sussex are anticipated to be hit by the low oil price and lower returns on recycled waste.
It also bought May Gurney in 2013, and regarding the two purchases said that they have “significantly increased the level of visible, long-term earnings” for Kier's construction and services division.
Building and construction businesses for sale
Due diligence - an essential process in buying a business
Established in 2016 this is a highly profitable car dealership. This business has made significant investments to move from a traditional retail model to a ‘Cinch like’ AI-based ‘Tech & Touch’ model – technology led with real human contact at critica...
LEASEHOLD
Seize the chance to acquire a premium alcohol brand with an extensive global distribution network, offering significant growth potential.
Looking to identify potential purchasers for a heavy and precision engineering business which offers services to UK and European markets.
01
|
Apr
|
UK administrations: March 26 – April 1 | ADMINISTRATION
Since our last update, the following businesses have been co...
01
|
Apr
|
Astor Media buys digital publication Touring.co.uk | BUSINESS SALE
Astor Media, has acquired Touring.co.uk a digital publicatio...
31
|
Mar
|
Realise continues buy and build strategy with Smart deal | BUSINESS SALE
PE-backed training provider Realise Training Group has bough...
05
|
Sep
|
Kier acquires Buckingham’s rail assets from administrators | BUSINESS SALE
Kier Group has agreed a deal to acquire substantially all of...
03
|
Apr
|
Kier Group mulls bid for May Gurney | MERGER
Kier Group is to spend time this week reviewing the books of...
03
|
Aug
|
Sale of Kier businesses complete | BUSINESS SALE
The Kier Group has completed the sale of its temporary accom...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.