Kier completes May Gurney integration
Services provider Kier has today (8 July) marked the first day of its May Gurney integration process, as 6,000 May Gurney employees joined the 10,000 members of the Kier Group.
The integration of staff concludes several weeks of preparation ‘to ensure a smooth and effective integration of the two businesses’, following Kier’s £221 million acquisition of the support services provider in May.
Both Kier and May Gurney operate waste services for a number of local authorities, and the merger of the two companies will see the Kier Group become one of the largest players in the waste management sector.
Welcoming staff to the newly enlarged group, Chief Executive Paul Sheffield said: “We are delighted that our bid for May Gurney is now complete. This gives us a services division that not only has a greater scale, but which has added significant highways maintenance experience, a broader utilities offering and a greater spread of environmental services.
“Importantly, May Gurney and Kier share similar values which will go a long way towards the successful integration of both businesses. I would like to take this opportunity to welcome our new employees and trust they will enjoy playing a part in the future success of Kier Group.”
Greg Michael, Strategy and Business Development Director at May Gurney, added: “We are excited about joining forces with Kier; May Gurney’s range of services complement Kier’s existing offering and a combination of the two creates a market-leading and well-balanced business and enhances our joint prospects.
“Both companies have a clear and genuine commitment to customer service and quality and we remain focused on delivering an excellent service to our long-term clients and their customers.”
Under the new arrangements, May Gurney shareholders now own 27 per cent of the enlarged group, which has a shared order book of £5.7 billion.
According to Sheffield, the acquisition represented a “fundamental part of the group strategy to significantly grow and diversify [Kier’s] services business”.
“Now we are better placed in the market to deliver more to existing and new customers”, he added.
Read more about the Kier Group’s acquisition of May Gurney.