Construction group Kier to jettison Mouchel Consulting

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


Share this article



Latest Businesses for Sale

Independent National Telecommunications Service Provider
UK Wide

Specialises in providing a range of reliable telecoms system maintenance and repair solutions, as well as expert telephony consultancy and full multi-site projects. Offers invited.

Asking Price: Offers Invited
Turnover: £540,000

RELOCATABLE


Electrical Compliance Specialist
South East, UK

Specialises in providing a comprehensive range of electrical compliance solutions for blue-chip clients located across the UK. Offers invited.

Asking Price: Offers Invited
Turnover: £3,000,000

LEASEHOLD


Varied Insulated Wire & Cable Products Manufacturer
UK Wide

Designs, develops and manufactures a broad range of cable solutions based on a diverse process capability that enables the company to provide cost effective, quality cabling solutions across various market sectors. Offers invited.

Asking Price: Offers Invited
Turnover: £1,450,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
19
 
Feb
 

Pharmaceutical manufacturer enters administration | ADMINISTRATION

A pharmaceutical manufacturing company based in Bristol has ...

 
16
 
Feb
 
 
16
 
Feb
 

Historic hotel put up on the market | BUSINESS SALE

A historic hotel located in Haltwhistle, Northumberland has ...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
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...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources