Acquisitive OCU swoops for south west contractor

Aaron Morby 2 years ago
Share

Stockport-based OCU Group, parent company of formerly-named O’Connor Utilities and Instalcom, has struck a deal to buy M&E and civils contractor Northavon Group.

The Somerset group of companies, includes Northavon Water Services, Hydrovein, and Multivein.

Jointly, the group turns over around £32m, operating primarily in the water sector in the South of England and South Wales.

The acquisition of the Midsomer Norton based-group will support OCU’s growth across the water and wastewater sector as the group continues its fast-paced expansion in water and energy markets.

The deal will also give £300m revenue OCU a stronger regional presence across the south west.

Northavon employs around 150 staff providing a broad spread of services from mechanical, electrical, instrumentation and civils design to construction and installation of clean and wastewater treatment facilities and sewage pumping stations, together with maintenance services.

It also has divisions focusing on highways and groundworks.

Clients include South West Water, Thames Water, Wessex Water and Dŵr Cymru Welsh Water.

Completion of the deal is subject to regulatory clearance and is expected to occur in May 2023.

Michael Hughes, chief executive of OCU, said: “The water and wastewater sector is changing rapidly, and there are several factors we need to consider when operating in this area.

“As we head towards AMP8 in 2025, we need to innovate and increase collaboration across the industry in order to protect our water and waste-water infrastructure and support our customers achieve their own environmental goals.

“This latest acquisition will enhance the expertise our clients want and deserve.  It’s an exciting time for OCU and I’m looking forward to working with Mike Clancy and the wider Northavon team as we expand our water and wastewater capabilities.”

Mike Clancy, group managing director of Northavon, said: “With less than two years to go until AMP8, we have huge potential to streamline ways of working to create an environment that both meets regulatory requirements and gives the best service for our customers.

“OCU is focused on growing across water and energy-related sectors to increase its expertise and support societal and environmental goals.

“We’re excited to now be part of the Group that shares our commitment to a greener and cleaner future and look forward to seeing what projects we can deliver together.”

The deal with Northavon marks the sixth and largest acquisition in just over 12 months for OCU.

It follows the acquisition of Modus, a London-based multi-utility specialist, InICT, a Leeds-based fibre-optic specialist, Opals, a regional multi utilities hub, Andrews Associates, a Surrey-based power systems design and engineering service, and FKS, a Wigan-based telecom installation service.

As part of the acquisition arrangements, Northavon will become known as OCU Northavon.

 

 

Latest news

Spencer lands Scottish bridge hat-trick

Steelwork, gantries and bearing upgrades on Kessock, Forth and Tay crossings
9 hours ago

Completed buildings caught-up in Gateway 2 chaos

Developer distraught after dealing with Building Safety Regulator
19 hours ago

Aviva submits plans for 34-storey City office tower

Subject to planning work to start in autumn 2027
18 hours ago

Murphy takes 40% stake in Aussie civils contractor

Firm enters Australasian market with stake in Sydney-based contractor Abergeldie
1 day ago

Moat seeks firm for £420m repairs and maintenance deal

15-year deal to upkeep 20,000 south east homes
18 hours ago

Lynch takes over hotel for Sizewell plant operators

Hire giant now in the hotel business to guarantee accommodation for workers
19 hours ago

Subcontractors wanted across Scotland

Latest Constructionline event in Glasgow: Register now
18 hours ago

Six guilty of £2m bribery over Devon housing site deals

Corrupt building bosses and E.ON project chief and QS sentenced
5 days ago

1,650 former ISG staff launch legal claims

Redundancy Payment Service facing payout of more than £9m
5 days ago

Plans lodged for £1bn cancer research centre in Sutton

London Cancer Hub will deliver around 1m sq ft of lab and research space
5 days ago

London Met Uni seeks firm for £284m estate revamp

Contractor wanted to deliver capital works and FM
5 days ago

Delayed £2bn estate rebuild back on as Berkeley signs deal

Birmingham council development agreement paves way for 2028 Ladywood start
6 days ago

Tilbury Douglas boosts margin to 2.1% as profits double

Firm targets 3.5% margin by 2029 under new business plan
6 days ago

Subbies battle for fastest bricklayer title

Winchmore management team go back on the tools
6 days ago

Green light for revised McLaren Reading revamp

Mixed-use plans to transform Broad Street Mall site
5 days ago

Three arrested in Blu-3 and Mace bribery probe

Serious fraud office swoops over alleged £3m bribes to former Mace associates
6 days ago

Scotland’s most complex A9 dualling job heads to market

Market testing starts for £205m Pitlochry to Killiecrankie 6.4km upgrade
6 days ago

Unite signs £390m student beds JV with Manchester Met

Construction at Cambridge Halls site to start next year
6 days ago

Turkish contractor Limak to build new Luton Town stadium

Construction to start this summer on 25,000-seater venue
6 days ago

Kitchen fitter crushed to death by concrete blocks

House builder goes into liquidation before court case
6 days ago

Mears clinches £230m renewal for key Milton Keynes housing deal

Housing upkeep contractor achieves 100% renewal rate in bust rebid period
6 days ago

Murphy on board at new £32m rail station

Construction to start next year at Golborne station
6 days ago

HS2 engineers finish UK’s heaviest bridge slide early

A46 Kenilworth Bypass reopens 30 hours earlier than planned
6 days ago

Bowmer + Kirkland to build £190m Oxford science scheme

Work to start at end of next month on 180,000 sq ft Fabrica scheme
7 days ago

New BAM leisure centre pool springs a leak

Contractor investigating "technical issues" delaying new £36m green leisure centre
1 week ago

United Living lands £250m HyNet pipeline deal

Firm wins deal to design and build over 34km of pipework to collect CO2
7 days ago

Hydrogen diggers get green light to use roads

JCB hails historic decision for advance of hydrogen-fuelled plant on sites
7 days ago

Go-ahead for McAleer & Rushe Glasgow student job

£100m funding deal paves way for 591-bed student tower
7 days ago

Fly-tippers to get their vehicles crushed

Drones will be used to identify cowboy construction waste operators
7 days ago

Green light for £150m West End office revamp

Shaftesbury Avenue office retrofit retains 75% of original building
1 week ago

Contractor services