Concrete contractor Morrisroe buys piling specialist

Aaron Morby 6 years ago
Share

South east concrete frame contractor Morrisroe is expanding into the foundations sector after buying specialist contractors Geostructural Solutions and GSS Piling.

The two firms, founded by Andy Parks, together turnover up to £15m and specialise in structural underpinning, basement works and restricted access piling.

GSS will operate independently of Morrisroe’s other businesses, strengthening its customer offering.

Martin Pedley of Morrisroe will be appointed as managing director and will work closely with Parks, who will remain actively involved in business operations.

Brian Morrisroe, CEO Morrisroe Group, said: “This is an exciting opportunity for us, fully aligned with our strategy to offer our clients a broader scope of services, particularly in respect of executing basement boxes, substructure and foundation works.

“We are looking forward to welcoming Andy and the GSS team and its clients alike into our group.”

Previously Morrisroe had made overtures to buy Skanska’s foundations business Cementation.

But talks collapsed over the asking price for the £70m revenue business, which employs around 380 staff.

GSS Piling is a specialist civil engineering and mini piling contractor with its main operations within the London, South East area and surrounding counties.

It undertakes both small and large scale civil engineering and piling projects for residential, commercial and public authorities with budgets ranging from £5k to £1.5m.

The company was founded in Sept 2006 and has grown to an organisation with an annual turnover in the region of £5m to £6m.

GSS, which was formed two years earlier, carries out groundworks and complex basements and boasts previous revenues of between £8m-£10m.

Parks said: “This deal is great news for GSS as it brings the necessary resources for us to take the Solutions and Piling brands to the next level on our 15th anniversary.

“I see many synergies in being part of Morrisroe Group. I’m proud of our team’s achievements so far and am very happy to be part of the future success within Morrisroe Group.”

Latest news

Mace confirmed for £140m Gatwick Airport Pier 6 extension

Contractor PJ Hegarty has started enabling works in middle of busy airport
6 hours ago

Graham takes on ISG £45m Coventry cultural hub job

Firm will start conversion work in the Spring on former IKEA store
7 hours ago

Alun Griffiths to “restructure and resize” after £95m loss

Redundancies due to be announced at Welsh civils contractor
1 day ago

Fire safety project approval delays hit Van Elle profits

Piling specialist also reviews future of Canadian operation amid fresh economic uncertainty
13 hours ago

JRL Malaysian backers plan £150m London city office refurb

Ardmore set to deliver landmark 25 Finsbury Circus building overhaul
13 hours ago

500-home block to replace 19 storey Sutton office tower

Landmark project to deliver 312 Build to rent and 195 co-living homes
14 hours ago

Building envelope specialist Bailey buys Comar

Specialist now offers complete building envelope solutions
13 hours ago

Subcontractors wanted for work across Wales

Big name buyers at latest Constructionline event: Register now
13 hours ago

Balfour Beatty profit dented by £83m building safety hit

Increased order book at £18bn secures growth over next two years
2 days ago

Expanding utilities specialist Ipsum buys Matrix Power

Power engineering contractor takeover will strengthen offer in North East
2 days ago

Historic scaffolding firm files administration notice

Hertfordshire based Rodells has been trading since 1898
2 days ago

Planning Bill to have “seismic” impact on construction

Building-boosting reforms go before Parliament
2 days ago

Briggs & Forrester hits record revenue and orders

M&E specialist rebounds with strong growth across three divisions
2 days ago

Man Utd confirm plan for £2bn ‘super-tent’ stadium

Club to press ahead with 100,000-seat 'Wembley of the North'
2 days ago

Government spending keeps profits edging-up at Kier

91% of work now with public sector and regulated companies
3 days ago

Costain on track for step change to 5% margin

Alex Vaughan says order book has jumped £1.5bn to £5.4bn
3 days ago

Mace tops February contracts league

Confirmation of £300m London Victoria Street project lifts firm to pole position
3 days ago

Wates raids Laing O’Rourke for new construction operations chief

George Mosey leaves Laing O'Rourke after 16 years
3 days ago

Travis Perkins CEO Pete Redfern steps down due to ill health

Redfern joined builders' merchant last year after 14 years at Taylor Wimpey
3 days ago

Morgan Sindall wins £61m Liverpool lab scheme

Construction to start this Autumn on latest Knowledge Quarter project
3 days ago

Glencar to build timber-framed office block

Work to start next month on 79,200 sq ft scheme in Maidenhead
3 days ago

Shed specialist Marbank files administration notice

£67m turnover portal-framed building specialist files court notice
4 days ago

Birmingham council submits £1bn Druids Heath plan

High rise estate to be replaced by-3,500 home eco village
4 days ago

Cannabis farm gang posed as utilities contractor

Gang jailed for 28 years after diverting power to more than 100 cannabis farms
6 days ago

Firm fined after workers climb scaffold without ladder

HSE investigation prompted by death on Liverpool site
4 days ago

Clancy renews £250m Southern Water deal

Contractor vows to maximise value for money and minimise disruption
4 days ago

McLaren go-ahead for 314 flats Watford scheme

Police station and magistrates court to be demolished
4 days ago

Former Liverpool mayor charged in building contracts probe

Construction bosses also charged as part of Operation Aloft
6 days ago

Bidding to start for £700m Irish sea interconnector work

Work includes converter stations at Hunterston and Kilroot near Belfast
7 days ago

Muse to redevelop Durham County Hall HQ site

Morgan Sindall regen specialist seals another major development deal
7 days ago

Contractor services