WYG snaps up Cumbrian consultancy for £5m

Aaron Morby 9 years ago
Share

WYG has stepped up its acquisition drive buying a specialist land and property consultant in Cumbria as a springboard to target nuclear industry work.

The firm will pay £5m for North Associates (Cumbria) together with its sibsidiary Taylor & Hardy, making it one of the largest property asset management and planning consultancy businesses in the UK.

The deal also strategically positions WYG to benefit from the expected £90bn of investment planned for Britain’s ‘Energy Coast’ in West Cumbria, where WYG aims to use planning skills developed as part of its work elsewhere in the nuclear sector.

North Associates turned over around £3m last year making a pre-tax profit of nearly £500,000.

Paul Hamer, WYG chief executive officer, said: “”We are delighted to be joined by the managing director, Andy Ross and the teams from North Associates and Taylor & Hardy, who have built a strong reputation in the region.

“We have collaborated successfully with them in the past on several projects and are confident that their experience in residential, energy and infrastructure markets will significantly strengthen our property asset management team.

“The acquisition will expand our offering across Cumbria and the North, in particular along Britain’s Energy Coast.

“Following on from the acquisitions of Alliance Planning and FMW Consulting, in September 2014 and June 2015 respectively, today’s news further demonstrates WYG’s ability to deliver sustained growth both organically and by acquisition, in line with our strategic growth aspirations.”

Latest news

Construction bond bombshell as major player quits market

QBE currently provides cover for 20 of the industry's 30 biggest contractors
12 hours ago

Balfour seals £192m deal for trio of Scottish substations

Work to start this summer to enhance electrical transmission in Argyll
11 hours ago

United Utilities names another 18 winners for £2.7bn water spend

Water giant cuts out large management contractors in latest spending round
1 day ago

Green light for £130m Dundee Eden project

Former gasholder site to be transformed into green house
11 hours ago

Four tower scheme in Glasgow gets green light

Go-ahead for major mixed-use scheme at Central Quay
12 hours ago

‘Green collar’ construction workers earning £134,000

Cost consultant T&T says insulation and heat pump trades earning £70 an hour in London
12 hours ago

£65m Trafford Waters resi blocks approved

X1 Developments plans over 200 homes in 13- and 8-storey blocks
11 hours ago

Over 100 firms win £1.5bn ICN housing framework

Great Places Housing Group names key partners for new homes programme
1 day ago

Steelwork firm went down owing £4.5m to suppliers

Subcontractors left holding unpaid invoices from SH Structures
2 days ago

Scottish civils firm to buy stake in piling specialist

Advance Construction in talks for 25% stake in Northern Piling Ltd
2 days ago

RSK secures £500m for fresh acquisitions spree

Acquisitive group aims to buy another 200 businesses by 2030
2 days ago

Beal Homes gets green light for £105m Humber scheme

Work to start on more than 500 homes in North East Lincolnshire
1 day ago

RED wins £20m East London office refurb

Grade II listed Victorian building to be upgraded to Cat A offices
2 days ago

Employee-owned Neilcott staff share £250,000 payout

Employee-owned building contractor sales jump 38% to £139m
2 days ago

Geoffrey Osborne supply chain hit for £26m

More than 500 suppliers and subcontractors left holding unpaid bills
5 days ago

Race for £800m South West Wales framework

Up to 16 firms face fight to renew spots on regional contractors framework
3 days ago

SME contractors agree 4% pay rise for site workers

Workers will also get an extra day of holiday
5 days ago

South East expansion paying off for Meldrum Group

Turnover up to £55m as North East based contractor expands national coverage
2 days ago

Wates boosts paternity leave to 12 weeks

Latest leave benefits apply from first day of working for contractor
3 days ago

Taylor Wimpey chief honoured with CBE

Jennie Daly recognised in King's Birthday honours
4 days ago

Labour to mothball £320m A27 job to fix potholes

Manifesto confirms Arundel Bypass canned as "poor value for money"
5 days ago

Lendlease’s £1.9bn Smithfield Birmingham scheme approved

Initial work to start later this year despite questions over Lendlease's degree of involvement
6 days ago

Crest Nicholson rejects £650m Bellway bid

Second Bellway approach rebuffed
6 days ago

Hill submits £800m East London estate rebuild plan

Over 1,900 homes to be built in five phase at Teviot Estate in Poplar
6 days ago

Plan approved for 8,500-seat Edinburgh indoor arena

Construction expected to start next year once a contractor is appointed
5 days ago

Statom starts on £25m Bristol Airport precast car park

Major work package on transport upgrade being overseen by Griffiths Farrans JV
6 days ago

Build problems plunge Crest Nicholson to a £31m loss

House builder unearths more defects on completed sites
6 days ago

Rebooted Amey lifts contract win rate to 1 in 3 bids

Amey chief says firm exceeded expectations in first year under new owners
6 days ago

BAM Nuttall fined £2.3m after worker drowned

Court hears how series of safety failures led to tragedy
7 days ago

OCU buys Scottish civils contractor RJ McLeod

Deal takes multi-utility infrastructure specialist revenue to over £800m
1 week ago

Contractor services