Kier buys infrastructure services provider McNicholas
Kier, the leading property, residential, construction and services group, has strengthened its positions in the utilities and infrastructure services sectors with the acquisition of McNicholas for an undisclosed sum.
Family-owned McNicholas is an established UK engineering services provider to the UK’s multi-utility sectors including telecommunications, gas, power, water, renewable energy and rail. Working across the UK and with headquarters in Elstree, Hertfordshire it employs 1,880 people and has a client base which includes Virgin Media, Network Rail and UK Power Networks.
This investment in the Kier Group utilities and infrastructure services business will strengthen Kier’s position in one of its key sectors and will boost its expertise in infrastructure services.
Haydn Mursell, chief executive of Kier, said: “The acquisition of McNicholas builds on Kier’s strategy to accelerate growth and hold leading positions in its chosen markets. It is a highly complementary addition to our utility services business and enhances our presence in the power, rail and telecoms markets, with its long-standing client relationships. We are delighted that Barry and his team will remain with Kier to continue the growth and development of the business.”
Barry McNicholas, chief executive of McNicholas said: “Our business has been servicing the rapidly growing telecommunications industry for over fifty years and our expertise and knowledge has given us leading positions in new sectors such as gas, power, rail and civil engineering. We are excited by the opportunities that joining a larger group gives our teams to expand and grow. It also provides our clients access to a broader range of capabilities. I and the team look forward to joining Kier and playing a role in delivering the Vision 2020 strategy.”
- Black and Veatch retrofits hydro turbines for Scottish Water Scottish Water is embarking on an ambitious hydropower generation programme that will see its assets being developed... Read More >
- Defra consults on Thames Tideway Tunnel Thames Water may have to get competitive bids for a new independent company that will finance and deliver the Thames... Read More >
- VIDEO: Water flows at Anglian's new Lincolnshire reservoir Anglian Water has started filling its new reservoir in Lincolnshire, as it switched on the pumps for the very first time. Read More >
- Drilling and Tapping: The Mains Man Jason Barratt's skill in drilling and tapping water mains has led to him competing around the world as well as advancing... Read More >
- A Time to Skill: how can water face its workforce challenges? Faced with the double challenge of an ageing workforce and a potential barrier to bringing in EU talent due to Brexit, how... Read More >
- Reliability engineering key to resilience As a result of the 2014 Water Act and Ofwat, water companies are increasingly studying how resilient they might be to... Read More >
- Comment: A dynamic response to change Market changes in the water industry mean that contractors must step up play a bigger and more responsible role in... Read More >
- Interview: Prof Rudi Klein, chief executive officer, SEC Group "The wait - that is the real problem," says Professor Rudi Klein on the subject of cash retentions in construction... Read More >