Manchester-based demolition and civil engineering specialist P. P. O’Connor has bought the vacuum excavation trucks business of failed rival GPfrom administrators.
Headquartered in Salford, the Galvac business operates nationally, employing 28 staff.
The acquisition provides £33m turnover P.P. O’Connor with an industry-leading fleet of vacuum excavation trucks that can service a national footprint supporting major infrastructure contracts and utilities with the latest innovation in safe dig techniques.
Charmaine O’Connor, chief executive of P. P. O’Connor Group, said: “We are delighted that we have been able to acquire Galvac and secure the jobs of its team so quickly.
“We are looking forward to welcoming the members of the Galvac team into P.P. O’Connor. This acquisition complements the range of services we offer to our clients and it’s testament to the hard work of everyone at P. P. O’Connor that we are able to expand our business further in such a positive manner.”
P. P. O’Connor directly employs 250 highly skilled people from headquarters in Irlam, greater Manchester and regional offices in both Leeds and Liverpool.
Presently it is working at RHS Bridgewater, Manchester Airport Transformation, MPT Metrolink extension to the Trafford Centre, Circle Square on Oxford Road, Manchester, City Labs for Bruntwood, United Utilities and Strawberry Fields in Liverpool.
Ben Woolrych, partner at administrator FRP Advisory, said: “By working closely with the directors to market the Galvac business and its assets for sale, we’ve been able to find a buyer that has strong synergies with the company and secure a deal that delivers the best possible result for the parties involved.”
from Construction Enquirer http://www.constructionenquirer.com/2018/09/11/p-p-oconnor-buys-failed-gpl-vac-excavation-arm/
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