The deal will save half the staff employed by £13m turnover Cross Services Engineering, which fell victim to the construction slowdown two weeks ago.
The St Helens-based process engineering contractor had been through several ownership changes in recent years and employed around 150 staff, before calling in administrators Mazars
Administrator Simon Chandler said: “”The industry in which the company operated has suffered because of the economic downturn and as suppliers of electrical and mechanical engineering they were inextricably linked to the slump in building and development work.
“Nevertheless, we believed there was sufficient work in progress and value in the business and we are delighted we have been able to achieve a sale to Boulting Group, which has saved the jobs of 83 long-serving employees.”