Amey completes sale of its utilities business

The critical infrastructure service provider for the personal and public sector provides sold its utilities company to industrial private collateral investor, Rubicon Companions.

The sale, that is component of  Amey’s technique to concentrate on its public sector-providing, april completed on 12, with the business enterprise operating as another entity now.

Avove, since it will undoubtedly be known now, provides energy and water maintenance solutions to clients such as for example Yorkshire Water and Severn Trent. It will wthhold the same construction and management group as when possessed by Amey but will appoint a fresh managing director.

the Avove is supplied by

The proceed team having the ability to leverage Rubicon’s significant encounter in the water, energy, and strength sectors.

Amey has earlier mentioned its intention to target its core businesses round the transport infrastructure, protected infrastructure and consulting sectors. The sale has already been part of that longterm strategy and can enable Amey to spotlight optimising possibilities and driving company growth in these sectors.

Craig McGilvray, Handling Director of the legacy Amey Utilities company commented: “It is a hugely optimistic action for both Avove and the wider Amey Team. The sale supplies the new company having the ability to leverage opportunity and provide a strategic proposition supported by growth. Right now the united team may focus on and keep on its upward trajectory upon financial and operational performance. They’re wished by me all of the luck later on.”

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