Galliford Try has acquired mechanical and electrical engineering specialists AVRS Systems.
The £7 million deal, part of Galliford’s Sustainable Growth Strategy, includes all AVRS operations and its premises in Cumbria, Middlesborough and Warwickshire.
Founded in 1972, AVRS has established connections and capabilities in both the water and energy sectors, core aspects of Galliford’s long-term plans for its environment division.
Ninety-five staff, including MEICA specialists, will transfer to Galliford from AVRS.
It follows the acquisitions of nmcn’s water businesses and Lintott in 2021, and MCS Control Systems and Ham Baker in 2022.
The acquisition will also give Galliford an advantage in preparing for the water industry’s AMP8 cycle, providing in-house capital maintenance capabilities and the platform to expand into asset maintenance, it said.
AVRS saw revenue of £7.9 million and profit before tax of £1.3 million for the year ended 30 September 2022.
“The acquisition of AVRS is another key milestone in Galliford Try’s Sustainable Growth Strategy, which combines organic growth with acquisition opportunities in existing and adjacent sectors,” said Galliford Try chief executive Bill Hocking.
“AVRS has a solid reputation in the sector, already working with many of our clients, and am I delighted to welcome our new teams to the business and look forward to working together to deliver for our customers.”
Was this interesting? Try Balfour Beatty sells stake in two infrastructure assets
If you have a tip or story idea that fits with our publication, please contact the head of news rory@wavenews.co.uk
Get industry news in 5 minutes!
A daily email that makes industry news enjoyable. It’s completely free.