Kelly family sells DSM Demolition

Aaron Morby 5 years ago

The country’s largest family-owned demolition and land development firm DSM has been sold to a management buy-out team.

Jim Kelly was DSM managing director until the sale
Jim Kelly was DSM managing director until the sale

The deal brings together DSM Demolition and brownfield land developer St Francis Group into a £50m business, and has been backed by investor Metric Capital Partners.

The management led by group chief executive Rob Braid and finance chief Brian Barker along with MCP will share ownership of the business.

David Scheurl and Ilkka Rantanen, both partners at MCP, join the new board.

The deal rumoured to be worth up to £100m brings a big windfall to the Kelly family.

Patrick Kelly from Kildare set up P J Murray Haulage in the 1960’s. The Birmingham-based business evolved into DSM Demolition, which was managed day-to-day by his sons Jim, Des and John Kelly.

Both operations grew to be significantly profitable. In 2015, the businesses’ latest published accounts, DSM Group delivered £8.9m in pre-tax profits from £25m revenue while St Francis Group generated pre-tax profits of £8.8m on sales of £26m.

Rob Braid brian baker

Group chief executive Rob Braid (left) and finance chief Brian Barker

Braid said: “MCP bring us the best of both worlds in that we will continue with the same great team we have at the moment and are able to add both financial and operational expertise to grow the group’s activities.

“We have built a strong relationship with Metric through the course of the transaction and have identified large areas where our partnership can create significant growth opportunities across all of the combined Group’s activities.”

St Francis Group, based in Henley-in-Arden, was founded in 1973 with DSM, which is headquartered in Heartlands, established in 1988.

DSM provides complex demolition, remediation and decommissioning solutions while SFG acquires brownfield sites and performs demolition, remediation and planning enhancement to sell site ‘clean’ to developers.

The combined group claims a clear competitive edge in the UK through its combined expertise –in technical remediation and planning expertise combined with an acquisition vehicle to purchase environmentally challenging sites.



Latest news

BAM bags £110m refurb of iconic Covent Garden tower

Landmark Seifert-designed 15-storey Space House to get two extra floors
4 hours ago

Kier reported to be in talks to buy Tilbury Douglas

Talks reported to be at an advanced stage between both boards
15 hours ago

Finance sealed for next-generation London office job

Goldman Sachs takes stake in London Bridge office project
15 hours ago

John F Hunt starts giant clean-up on £110m Walsall site

Land remediation work at contaminated site will take two years
14 hours ago

Build to rent boom lifts Watkin Jones profit to £52m

Surging build to rent market lifts development pipeline to £1.8 billion
14 hours ago

HS2 awards £310m station lifts and escalators deal

TK Elevator signs 160 lifts and 130 escalators deal for four stations
1 day ago

Robot cutter set to revolutionise paving jobs for Eurovia

Automated system will spell end for noisy slab cutting on busy sites
1 day ago

First mass built carbon negative homes get underway

St Modwen first volume developer to build affordable carbon-negative homes
2 days ago

GMI Construction names new CEO

Lee Powell takes helm as CEO at GMI Construction in growth push
2 days ago

514-home London scheme clears final hurdle

Inland Homes declares victory after three-year planning battle over Hillingdon Master Brewer site
2 days ago

Henry Construction wins £30m Clarion housing scheme

Ravensbury estate regeneration in Mitcham is Henry's first project for Clarion
2 days ago

Lovell lands £700m homes deal with Suffolk council

Development joint venture will see at least 2,800 homes built across the county
2 days ago

Ballymore pulls 51-storey tower plan amid fire safety concern

London Fire Brigade raises concern about single staircase and fire strategy
5 days ago

New work surges as materials shortages ease

Mild weather and easing of supply chain bottlenecks lifts new work 5.7%
5 days ago

PDR Construction goes into administration

All staff made redundant as suppliers owed millions
5 days ago

Brick-laying robot gets approval from NHBC

Robot can now be used in construction of new homes covered by NHBC warranty
5 days ago

Temporary visa scheme needed for London sites

Mayor of London demands action over site skills shortages
5 days ago

Construction worker dies after fall from mobile tower

Court hears how tower wasn't configured correctly
5 days ago

Glencar wins £50m Peterborough logistics hub

Works start on trio of sheds at Kingston Park
5 days ago

Green light for £330m Woking high-rise cluster

Work to start on five blocks towards the end of 2022.
6 days ago

Countryside chief executive makes sudden exit

Major shareholder takes seat on board as first quarter trading falls below board expectations
6 days ago

Big names line-up for £2.7bn Birmingham roads deal

Arup, Arcadis, Balfour Beatty, Carnell, Colas, Kier and Tarmac among firms eyeing contract
6 days ago

Galliford Try scoops £56m Milton Keynes PRS job

Building arm will deliver 329 rental flats across four buildings rising up to 11 storeys
6 days ago

Designers shortlisted for £1bn Oxford Innovation district

Oxford Uni and L&G advance £1bn Begbroke science district plan
6 days ago

Subbies chase cash as work stops on PDR Construction sites

Subcontractors left in dark by £83m turnover contractor
1 week ago

Britain’s concrete producers join forces

Industry agrees single voice through lobbying group UK Concrete
6 days ago

Shapps pauses Smart motorway rollout amid safety concerns

Contractors will be allowed to complete schemes currently under construction
7 days ago

Wildgoose went down owing £9m to trade firms

More than 700 firms have been left out of pocket by the £50m turnover business
7 days ago

Keltbray bags Silvertown tunnelling waste removal

Riverlinx tunnelling team sign Keltbay to barge out excavated material
7 days ago

Ray O’Rourke’s successor starts work

Seamus French starts countdown to firm's founder stepping down
1 week ago

Contractor services