Time and date

CONSTRUCTION DIRECTORY

Subscribe to our Construction newsfeed

Share this page

Construction News

05/12/2014

Interserve Buys Esg For £25m

Construction group Interserve has acquired the Employment & Skills Group (esg), for £25m.

Esg is one of the UK's largest private sector providers of training and employment services for Government and employers and also provides vocational training in three new Further Education colleges in Saudi Arabia under the Kingdom's Colleges of Excellence programme.

-- Advertisement --

The transaction is being funded from within Interserve's existing debt facilities and is expected to be accretive in 2015.

Adrian Ringrose, CEO of Interserve, said: "We are pleased to have furthered our strategy by acquiring one of the UK's leading skills and welfare providers, expanding our scale and breadth in these critical front-line public services markets, both in the UK and in Saudi Arabia and are delighted to welcome some 700 new colleagues to the Interserve Group."

(CD/JP)

News Archive

Latest Construction News

29/11/2024

Plans Approved For Coney Street Riverside Masterplan

Helmsley Group secured planning permission for the final part of its Coney Street Riverside masterplan which will bring much needed residential space to the city and realise a 50-year ambition to reconnect York to its riverfront. With work expected to start in the summer of 2025, this approval ...

29/11/2024

NSD Secures Plans For Major Redevelopment Project

Network Space Developments (NSD) has received planning approval from Manchester City Council for a major redevelopment project at its Welcomb Street site in Openshaw, Manchester. The four-acre site, acquired by NSD in 2022, will be transformed into an extension of the adjacent City Works Business ...

29/11/2024

Work Commences On Lighting Scheme In Digbeth

Work has commenced on a new lighting scheme designed to create brighter streets in Digbeth, close to HS2's Birmingham Curzon Street station. The Birmingham City Council project – funded in part through a £210,140 investment from HS2's Business and Local Economy Fund (BLEF) – will see the ...

29/11/2024

Building Work Starts On Apartments At Ludwick Green

Building work has commenced on 14 new modern one-bedroom apartments at Ludwick Green in Welwyn Garden City. The apartments are being developed as part of Welwyn Hatfield Borough Council's (WHBC) Affordable Housing Programme, and its commitment to building new social and affordable homes. Ludwick ...

29/11/2024

River Capital Invests £500,000 In M&E Engineering Consultancy

River Capital has invested £500,000 in Liverpool-based M&E engineering consultancy, Steven A Hunt & Associates Ltd. The funding was structured to facilitate a management buyout (MBO) by the senior management team of Neil Baines, Anne King, Dave Kelly and Dominic Sibbring from founder Steven Hunt, ...

29/11/2024

Henley Chosen To Repair Phoenix Mill

Henley Restoration and Remedials has been chosen to carry out extensive external and structural repairs on the Grade II-listed Phoenix Mill, the oldest building in the Rutland Mills complex. Originally a grain store, Phoenix Mill later became a corn mill in the 19th century before transitioning ...

29/11/2024

NETPark Secures £11.3m For Expansion Under North East Investment Zone

Dorset County Council's North East Technology Park (NETPark) has been allocated over £11 million towards its expansion. The North East Combined Authority's Cabinet has approved £11.3m of funding for the Sedgefield site from its £160m flagship North East Investment Zone (NEIZ), which aims to drive ...

29/11/2024

UK's First MMC Training Facility Opens

Laing O'Rourke, in collaboration with Barnsley College and T3 Training & Development, have opened the UK's first dedicated modern methods of construction (MMC) training facility. The first of its kind training centre represents a groundbreaking step in addressing the UK's construction skills ...

29/11/2024

Aqua Direct Showing Support For St Giles Hospice

Aqua Direct are keen to share their support for the Urgent Funding campaign from St Giles Hospice. With a national hospice funding crisis, they need your support more than ever ...

29/11/2024

All Weather Access Reflects On Action-Packed Year

As we approach the end of 2024, we have been reflecting on what an action-packed year it has been. We have worked with some fantastic clients and sites across the country. We started from our base in Essex over ten years ago, and the demand for trackway has certainly been at its highest ...