Contractor eyes potential acquisition opportunities
Contractor MCS Group has revealed it is exploring potential merger and acquisition opportunities as it confirmed it has already secured contracts worth more than £120m for 2019.
The West Midlands-based construction contractor, which is in the running for two awards in TheBusinessDesk.com’s Business Masters next week, is continuing to grow its presence in the buoyant industrial and logistics sector and has been appointed to deliver several multi-million-pound projects this year.
Speaking at MIPIM, managing director Keir Edmonds said the company would be exploring opportunities to diversify into new sectors.
Keir said: “We’re attending MIPIM to link in with potential new clients, but we’re also looking at new opportunities to facilitate our future growth, which may include a merger or acquisition.
“We have clearly demonstrated that we know how to scale up and run a business successfully in the construction sector, and we know we have all the right processes and management team in place. It’s an exciting stage in our development and we are very clear about the kind of opportunity and sector we are interested in.”
He added: “We’ve had a great couple of years as we’ve followed our strategic business plan and gained a greater foothold in the buoyant industrial and warehouse sector. We’re quietly confident about this year and we’re already looking further ahead and can see continued significant but stable growth.”
MCS Group expects turnover to reach more than £150m in 2019, up from £110m in 2018 and almost double 2017’s figure. Jobs will also be created, taking the workforce to over 75.
The company, currently based at Claverdon in Warwickshire, has started constructing a new 8,500 sq ft office headquarters at a site in Haywood Road, Warwick, in a £2.5m investment.
