Construction news

• RSK secures £500m to fund new acquisitions spree

  17-06-2024 22:21 via constructionenquirer.com
  
  Acquisition-hungry consultant and construction services group RSK has secured £500m in extra funding to fuel its next tranche of strategic takeovers.
  The Cheshire-based group, which employs 15,000 people and operates in 40 countries, has received the investment from a consortium led by Searchlight Capital Partners and Ares Management Corporation funds.
  Ares has also committed an incremental £300m debt facility, bringing total available debt facilities provided by Ares to £1.4bn
  
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• RSK secures £500m for fresh acquisitions spree

  17-06-2024 22:21 via constructionenquirer.com
  
  Acquisition-hungry consultant and construction services group RSK has secured £500m in extra funding to fuel its next tranche of strategic takeovers.
  The Cheshire-based group, which employs 15,000 people and operates in 40 countries, has received the investment from a consortium led by Searchlight Capital Partners and Ares Management Corporation funds.
  Ares has also committed an incremental £300m debt facility, bringing total available debt facilities provided by Ares to £1.4bn
  
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• South East expansion paying off for Meldrum Group

  17-06-2024 08:52 via constructionenquirer.com
  
  Meldrum Group has posted a strong set of results after expanding outside its traditional North East home.
  The Gateshead based contractor opened a new office in Duxford, Cambridge last year which broadened its national coverage.
  The move is paying off with latest results for the financial year ending 31st December 2023 showing turnover up to £55m generating profits of £1.94m.CEO and Founder, Dave Meldrum said: “The opening of an office in Cambridge is a strategic move from the b
  
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• Employee-owned Neilcott staff share £250,000 payout

  17-06-2024 08:30 via constructionenquirer.com
  
  Orpington-based regional contractor Neilcott Construction paid out another £250,000 to staff last year as part of its commitment to employee ownership.
  The windfall came as the south east contractor lifted revenue by 38% to a record £139m in the year to December 2023.
  The latest payout means eligible staff have received nearly £600,000 since the firm switched to employee-ownership in March 2021.
  Operating profit remained stable at around £3.5m, but down on the pre-pandemi
  
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• Wates boosts paternity leave to 12 weeks

  17-06-2024 08:12 via constructionenquirer.com
  
  Wates Group has enhanced its paternity leave policy from eight weeks to 12 weeks paid leave for new fathers.
  Employees can take leave anytime within the first two years of the child being born or adopted in flexible blocks.
  The benefit is available from day one of working with Wates alongside maternity, shared parental leave and adoption and surrogacy policies.Nikunj Upadhyay, Group Inclusion and Diversity Director at Wates, said: “I am delighted that we are continuing to improve our famil
  
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• Race for £800m South West Wales framework

  17-06-2024 01:17 via constructionenquirer.com
  
  Around 16 firms face a fight to renew their places on the South West Wales regional contractors framework for public sector building and housing works.
  The latest generation framework has included new specific lots for housing in addition to specific value lots for building projects across the region.
  Carmarthenshire County Council, in association with Neath Port Talbot County Borough Council, Pembrokeshire County Council, Ceredigion County Council and Swansea Council, will use the panel of firm
  
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