An O’Rourke delegation is believed to have spent the last two days in discussions with Quinn executives about a possible takeover of parts of the business.
O’Rourke is thought to be interested in the firm’s building products division which manufactures and distributes a wide range of construction materials including precast concrete.
Tycoon Sean Quinn is facing massive debts after Quinn Insurance – the most lucrative part of his business empire – was placed in administration last month.
Other parts of the group, including the building products division, are trading normally but Quinn needs to raise funds fast.
An O’Rourke spokesman refused to be drawn on the talks stating that the firm “never comments on market speculation.”
Quinn is already O’Rourke’s primary insurer, having taken over the contract last year and the contractor is known to be keen to continue its expansion in the precast concrete sector.