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TJ Brent purchase strengthens May Gurney's hand

News

CONTRACTOR MAY Gurney has bought utilities specialist TJ Brent for an undisclosed sum, it was announced last week.

It creates a combined company with a turnover in excess of £300M, an order book in excess of £1bn and more than 3,000 employees.

May Gurney has grown rapidly in recent years following a successful management buyout (MBO) in December 2001.

Last year it was ranked 12th in the NCE Contractors File with a turnover of £213M in the year ending March 2002, up from £126M in 2001.

The deal will strengthen its presence in the utility sector, where TJ Brent is a recognised name.

TJ Brent is a £90M turnover business specialising in pipeline renovation, water distribution, mechanical and electrical engineering and road building, with a £125M forward order book.

It was named specialist contractor of the year in the 2002 NCE Contractors File after doubling turnover from £30.6M to £64M, following its own MBO in 2000.

The deal will also strengthen May Gurney's presence in the south, south west, north west and Scotland as it takes on TJ Brent's 18 regional offices.

May Gurney currently has 15 offices, mainly in the east of England, working on longterm partnering agreements with local authorities, water companies and Network Rail.

TJ Brent will continue to trade under its own name for 12 months, after which it will become May Gurney Trent Utilities.

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