Dyer & Butler civil engineering has agreed its sale to the holding company of First Reserve, the same firm that bought Morrison Utility Services in September.
Dyer & Butler has long-term framework and partnership contracts with clients including Heathrow Airport Holdings, Gatwick Airport, Network Rail, London Underground and Transport for London.
“This represents an exciting step in our continued development and, with the additional support of First Reserve and our sister company Morrison Utility Services, we have the opportunity to strengthen and accelerate the growth of our business. To this end, I would like to take this opportunity to welcome Jim Arnold – chief executive of Morrison Utility Services – to the Dyer & Butler Board,” said Dyer & Butler managing director Neil Edwards.
Arnold added: “Dyer & Butler has forged an excellent market reputation for the successful delivery of construction services in regulated, safety critical sectors. Its competent workforce operates across a diverse range of sectors. I’m delighted to welcome Dyer & Butler as a sister company and look forward to working with and supporting the existing team to help grow their business.”