Wates Group boosts its specialist capabilities with Shepherd Engineering Services acquisition

Family owned construction and property services company, Wates Group, has boosted its technical expertise and specialist capabilities with the acquisition of Shepherd Engineering Services (SES)

Mark Perkins, chief executive of Shepherd Group’s Built Environment division will move with the business to head up the integration of Shepherd Engineering Services with Wates.

Shepherd Facilities Management (SFM) has also been acquired, and this has brought with it a “significant” number of contracts and strategic frameworks from Shepherd Construction Limited, the new owners said.

“With [this] acquisition, Wates can now lay claim to a distinct and outstanding engineering capability with strong technical prowess and an off-site fabrication proficiency,” said Mark Perkins, managing director. “This, alongside a nationwide facilities management portfolio and an extended Northern construction footprint, propels Wates towards the pinnacle of the UK’s construction and property services industry.

“This is an exciting move forward for our business. I very much look forward to leading an already successful Engineering Services business that I am confident will further flourish with the support and strength of the wider Wates Group.”

The acquisition forms part of the Wates Group’s strategic growth plans to double turnover to £2bn. The agreement is expected to build on the success of the company’s acquisition of Walsall-based Purchase Group in November 2014. This investment saw Wates end the year with a bolstered northern housing maintenance division to complement its southern offering, following the 2011 acquisition of Enfield-based Linbrook.

Wates said it is already “accelerating towards its ambitious turnover target”, claiming its a focus on existing core markets is propelling work-in-hand to its highest in five years and a forward order book of £3bn – up 50% on last year.

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