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

Plumbers Merchant & Large Bathroom Showroom
Colchester, Essex, South East, UK

With a good level of net profit available and a fantastic reputation, this is an ideal opportunity for an entrepreneur with industry expertise, or a competitor looking to grow through acquisition, to own a successful business with further growth pote...

Asking Price: Offers Invited
Turnover: £970,757

LEASEHOLD


Driving School
Silverstone, Northamptonshire, UK Wide

The long-standing business offers a wide range of services including prestigious, advanced rally driving lessons as well as entertaining rally days out, rally courses, junior rally driving experiences and professional rally driver training based in t...

Asking Price: £350,000
Turnover: £300,000

LEASEHOLD


Manufacturing Company
West Midlands, UK

The business for sale is an established company specialising in the design and manufacture of modular ballast support systems/ access solutions for the HVAC and Renewable energy industries. The flat roof framework system is fully adjustable and can b...

Asking Price: Offers Invited
Turnover: £614,931

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
19
 
Feb
 

On-demand laundry app snapped up after administration | BUSINESS SALE

Laundrapp, an on-demand laundry service which was touted as ...

 
18
 
Feb
 

Subprime lender Amigo launches sale process | BUSINESS SALE

UK subprime lender Amigo has announced that it is in talks w...

 
14
 
Feb
 

Leicester printing firm enters administration | ADMINISTRATION

Long-established Leicester printing firm Taylor Bloxham Grou...

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