Announced
Completed
Financials
Tags
Friendly
Demerger
Construction Services
United Kingdom
Private
Acquisition
construction
Single Bidder
Completed
Domestic
Synopsis
Interserve Group, a construction and support services provider, completed the spin-off of Tilbury Douglas, a construction business provider. Financial terms were not disclosed. “This is great news for our customers, our suppliers and our people. This separation returns Tilbury Douglas to its historic roots as a major contractor. Tilbury Douglas is deeply committed to becoming the most customer-focused and productive contractor in the UK, benefitting from strong in-house Mechanical & Electrical (M&E) capabilities; a specialist fit-out business; and we have significantly invested in our enterprise and technology platforms over the last 18 months," Paul Gandy, Tilbury Douglas Managing Director.
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