OCU buys Scottish civils contractor RJ McLeod

Aaron Morby 1 month ago
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Multi-utility infrastructure specialist OCU Group has bought Scottish civil engineering contractor RJ McLeod.

£210m turnover RJ McLeod sold for undisclosed sum to OCU
£210m turnover RJ McLeod sold for undisclosed sum to OCU

Based out of Glasgow and Dingwall, RJ McLeod has over a seven-decade history of delivering complex engineering projects.

The acquisition increases OCU Group revenues to over £800m and grows the capability and capacity for work in supporting the critical UK energy transition.

The deal will also enhance OCU’s market positions in areas such as battery energy storage systems, wind power, hydro power, substation construction and grid reinforcement.

RJ McLeod will continue to operate under the same name, out of existing locations with around 450 staff.

In latest published account for the year to October 2022, RJ McLeod generated a £19m pre-tax profit from revenue of £210m.

Michael Hughes, CEO of OCU Group, said: “The RJ McLeod acquisition marks a key milestone in the OCU Group journey to become the leading energy transition and utilities contractor in the UK.

“RJ McLeod has built an unrivalled engineering expertise and reputation which now further strengthen our offering to clients.

“The breadth and depth of OCU and RJ McLeod’s delivery capability provides us with more strategic options when delivering end to end programmes for our valued clients. Together, we are well placed to lead the way in the UK’s energy transition delivery.”

On completion of the acquisition Bruce Clark, Joint MD of RJ McLeod, said, “Since the business was founded by Roderick John MacLeod in 1951, we have carried the ethos of enabling people to give their best and we are very proud of the team that has brought us to where the business is today.

“Looking forward we see even greater opportunities to maintain and grow the impact of our people and delivery for our clients within the OCU Group family.”

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