Integrated support and construction services company May Gurney has acquired Willows Plant, the
Willows works primarily for National Grid on long-term maintenance contracts. May Gurney also undertakes gas maintenance work with National Grid and said the acquisition strengthens its strategic position in the gas market as the industry prepares for the next round of long-term gas maintenance contracts.
In addition to the initial cash payment, Norwich-headquartered May Gurney may pay up to £10m more if Willows secures work significantly above its current turnover.
Utilities maintenance constitutes 30 per cent of May Gurney’s annual revenues. The company currently provides a range of installation, maintenance and enhancement services to many of the
David Sterry, chief executive of May Gurney, said: ‘I am delighted to welcome the Willows team into May Gurney. The combined skills of the two businesses will give us an excellent opportunity to secure a long-term and substantial position in the gas maintenance market.’
Neil Hilton, director of Willows said: ‘This is a tremendous move for Willows and we look forward to integrating our teams and growing our combined business’.