£7.5m concrete pumping business swallowed by American giant
A £7.5m turnover concrete pumping specialist based in St Helens has been acquired by American concrete giant Brundage-Bone.
Brundage has bought Reilly Concrete Pumping Ltd through its Oxford Pumping Holdings subsidiary which includes Camfaud Concrete Pumps, South Coast Concrete Pumping and Premier Concrete Pumping.
Reilly Concrete serves its customers from multiple depotss including in Manchester, Leeds, Newcastle-upon-Tyne, Scarborough, Stoke-on-Trent, Cumbria, Glasgow and Aberdeen.
Latest accounts for Reilly – to December 31, 2016 – say the company’s pre-tax profits topped £1m. It employs 73 people.
Established in 1989, Reilly Concrete provides pumping hire services, concrete pumping services and concrete placing to clients in the infrastructure and construction sectors industries.
Recent projects it has worked on include the development of the Royal Liverpool University Hospital, Liverpool FC Stadium and the Merseyside Gateway Project.
Brendan Reilly, managing director of Reilly Concrete, said: “We look forward to joining Oxford to create a company that can offer a first class concrete pumping service across the UK. We believe this transaction will offer a fantastic fit for Reilly’s employees and will be a smooth transition for our customers.”
M Akeel Latif, the corporate commercial partner at Myerson Solicitors who led the transaction, said: “It was a real pleasure working with the owners of Reilly Concrete. There is no doubt that the company will continue to prosper under the ownership of Oxford and we wish them all the best for the future.”
London based law firm Latham & Watkins advised Oxford on the acquisition of Reilly Concrete and Nick Cline, the corporate partner at Latham & Watkins who led the transaction, said: “We are pleased to have assisted Oxford and Peninsula Pacific to acquire Reilly as part of their focused acquisition strategy.”
