VINCI Construction swoops for FM ConwayFrench construction giant Vinci Construction has struck a deal to buy civil engineering contractor FM Conway.
The Kent-based £580m turnover business employs around 2,000 staff specialising in roadworks, civil engineering, asphalt and binders’ production as well as a range of specialist businesses covering water and drainage management, lighting, cabling…
Nexus buys Coleman Construction & Utilities for £5.4mAim-listed Nexus has bought East Sussex-based Coleman Construction & Utilities for £5.4m.
Nexus, which owns concrete contractor Tamdown, said the deal would take the business into key civil engineering sectors of water, rail, highways and marine.
Established in 2000 by Barry Coleman, the business turned over £8.3m last year.
Charles Sweeney,…
Sheffield facade specialist bought by Swedish firmCladding contractor Clear Line has been acquired by Swedish building envelope giant Fasadgruppen.
Sheffield-based Clear Line has been in business since 1977 and has a current turnover of £49m employing 60 staff.
Fasadgruppen is listed on Nasdaq Stockholm and consists of more than 55 businesses in Sweden, Denmark, Norway and Finland.
The Grou…
Councils get £68m to clear brownfield sitesCouncils across the country have been promised £68m to clear brownfield sites for new housing.
The cash will allow 54 councils to clear empty buildings, former car parks and industrial land to make way for 5,200 new homes.
Funding through the Brownfield Land Release Fund will cover the cost of decontamination, clearing disused buildings or improving…
Private investor buys Midlands contractor MCSMidlands-based building contractor MCS Group has sold a majority stake to a London-based private investor in a deal valuing the business at £22m.
RD Capital Partners has bought an 80% stake in the Warwick-based construction firm founded in 2003.
The deal will see founder and CEO Keir Edmonds and the firm’s senior management team remain with t…
Willmott Dixon to build Oxford net zero council HQOxfordshire Country Council has picked Willmott Dixon to extend and net zero upgrade an existing building in Oxford to become its new headquarters.
The council is relocating from its current premises at County Hall in Oxford which will be sold off to fund the big office upgrade project at Speedwell Street.
These Speedwell offices have for many…
Phoenix subbies get pay less notices after ISG failureSubcontractors to building services specialist Phoenix ME are being hit with pay less notices in the wake of ISG’s collapse.
London based Phoenix is a major creditor of ISG with the firm owed £20m by the defunct contractor’s fit-out arm alone.
Phoenix issued a message to “valued members of our supply chain” last month assuring them…
Midgard confirmed on £60m Golden Lane office contractJRL-owned Midgard has been confirmed as main contractor on a major new office job in the City of London.
The announcement comes as developer Castleforge successfully secured £115m in funding from investment manager Cheyne Capita for the 1 Golden Lane site where the office scheme will be known as UNO.
The development is a Grade II listed…
Van Elle buys Scottish specialist Albion Drilling for £3.5mGround engineering contractor Van Elle has acquired Scottish piling and drilling specialist Albion Drilling for up to £3.5m.
Based in Stirling, Albion brings a strong track record of delivering complex infrastructure projects across Scotland.
Van Elle said Albion was a strategically aligned bolt-on acquisition that expanded its presenc…
French PM and cost consultant Artelia buys Pick EverardFrench project management and cost consultant Artelia has bought long-established UK multi-disciplinary consultant Pick Everard.
The takeover of Pick Everad, which employs over 700 staff, will take Artelia’s UK workforce to almost 1,000 staff following smaller acquisition of Birmingham’s Austin Newport Group in 2020, and Suffolk-based…