Unit Engineers and Constructors Ltd has acquired Birwelco in a multi-million pound deal that is set to create more than 100 jobs.
Unit acquired Birwelco from the Haden Freeman Group after working together on a number of projects.
The acquisition, which has been financed by Lloyds Banking Group, is set to create many skilled jobs as Unit forecasts an annual turnover in excess of £50m for Birwelco by 2013.
Birwelco’s base in the West Midlands will remain, with plans for further job creation at this site.
The deal moves Unit into the small number of EPC (engineering, procurement and construction) contractors operating in the oil and gas, refinery, chemical, petrochemical and utilities industries.
According to a statement, Unit Engineers and Constructors has traditionally provided fabrication and installation services within those sectors while Birwelco has provided design and procurement – by combining Birwelco’s design expertise with the renowned construction capabilities of Unit, the new entity is set to become a major force in the EPC market.