Breedon swoops for £24m surfacing firm

Breedon, the FTSE 250 vertically-integrated construction materials group based in Leicestershire has bought Phoenix Surfacing.

Phoenix is a leading independent, multi-disciplined, surfacing contractor based in Kettering. The deal is part of Breedon’s focus on expanding its Surfacing Solutions business and follows the acquisition of Minster Surfacing last year, as well as the 2022 acquisition of Thomas Bow, a surfacing and civil engineering contractor based in Nottingham.

Phoenix has over 30 years of experience in the design and delivery of highways and infrastructure projects, with an annual turnover of around £23m-£24m.

James Haluch, managing director of Surfacing Solutions at Breedon, said: “We are delighted to welcome Phoenix to the Breedon team as we continue to focus on expanding our Surfacing Solutions business’ geographic footprint and offer for our clients.

“Phoenix Surfacing has built up a huge amount of experience over the course of its history and has an outstanding delivery team; the combination of our businesses will significantly enhance our offer in the Midlands, while also strengthening our regional surfacing, airfields and recycled asphalt capabilities across the Breedon group.”

Alistair Lauder, managing director of Phoenix Surfacing, added: “This is a significant milestone in our company’s history, and we are excited about the opportunities the transaction will bring to our customers and colleagues. We look forward to leveraging the strengths of Phoenix and Breedon together, to enhance our overall capabilities and provide an excellent service for our customers.

“Since we founded Phoenix Surfacing in 1991, we have always focused on delivering the best customer service, supporting our people and growing our business, and Breedon is the perfect partner for us as we continue to deliver on these goals.”