Amey set to go private, report says

 

Roads and services contractor Amey is set to be sold to a private equity firm in the New Year, it has been reported.

The Financial Times said that Ferrovial, Amey’s Spanish owner, is in talks with PAI Partners and Greybull Capital over a potential sale of the business, ‘according to people close to the vendors’.

”Local
Amey helped upgrade the motorway network in Central Scotland

Last week Ferrovial said in a statement: that it ‘has entrusted an external consultant to explore the potential divestment of all or part of the assets of the services division of which Ferrovial owns directly or indirectly'.

The FT quoted another source as saying that Ferrovial ‘may need to package [Amey] with other parts of the business to find a buyer’.

Amey has been hit by a number of setbacks recently, including losing a long-running legal battle over its 25-year Birmingham PFI deal, which saw it set aside £208m to cover possible costs.

The FT quoted someone ‘close to the bidders’ as saying that, if taken private, the firm would be able to resolve ‘long-running contractual negotiations like this much more quickly away from the public eye’ and adding: ‘They can be a lot tougher if they don’t have to worry about reputational risk to the same extent.’

Despite its problems in Birmingham, Amey recently secured major contracts in Highways England’s Area 10 worth a combined £375m as well as a place on the strategic road operator’s Regional Delivery Partnership framework.

The FT said that Ferrovial, which owns Heathrow Airport, is aiming to narrow its focus to transport infrastructure, including its profitable toll roads business in North America, ‘according to people close to the company’.

A spokesperson for Amey declined to comment.

 

Also see

Register now for full access


Register just once to get unrestricted, real-time coverage of the issues and challenges facing UK transport and highways engineers.

Full website content includes the latest news, exclusive commentary from leading industry figures and detailed topical analysis of the highways, transportation, environment and place-shaping sectors. Use the link below to register your details for full, free access.

Already a registered? Login

 
comments powered by Disqus
 
 
highways jobs

Highways Asset & Maintenance Manager

Brighton & Hove City Council
£42,806 - £46,326
Looking to recruit a new Highways Asset and Maintenance Manager Brighton, East Sussex
Recuriter: Brighton & Hove City Council

Senior Development Engineer

Bristol City Council
£27,358 - £33,136
Bristol is an exciting, and culturally thriving Regional Capital City of Bristol
Recuriter: Bristol City Council

Executive Director Place & Economy

Peterborough City & Cambridgeshire County Councils
Competitive salary
The opportunity to combine major services across a city and a county to contribute to the delivery of future growth and Infrastructure Cambridgeshire
Recuriter: Peterborough City & Cambridgeshire County Councils

Head of Culture & Place

The Royal Borough of Kensington & Chelsea Council
up to £78,800 plus PRP
This could not be a more important time to join Kensington and Chelsea Kensington and Chelsea, London (Greater)
Recuriter: The Royal Borough of Kensington & Chelsea Council

Director for Cleaner, Greener & Cultural Services

The Royal Borough of Kensington & Chelsea Council
up to £103,500 plus PRP
This could not be a more important time to join Kensington and Chelsea Kensington and Chelsea, London (Greater)
Recuriter: The Royal Borough of Kensington & Chelsea Council

Director for Public Protection

The Royal Borough of Kensington & Chelsea Council
up to £103,500 plus PRP
This could not be a more important time to join Kensington and Chelsea Kensington and Chelsea, London (Greater)
Recuriter: The Royal Borough of Kensington & Chelsea Council

Chief Executive

Luton Borough Council
Luton Borough Council
Recuriter: Luton Borough Council

Head of Democratic Services

Ealing London Borough Council
£58,650.00 - £61,737.00
Ealing is an exciting place to live and work, and local democracy is at the heart of its success. Ealing, London (Greater)
Recuriter: Ealing London Borough Council

Director of Development and Environment

North Somerset Council
circa £125,000 p.a.
We are looking for an experienced and enthusiastic individual to maintain momentum on delivery of our regeneration and placemaking aspirations Somerset
Recuriter: North Somerset Council

Development Officer/Senior Development Officer

Solihull Metropolitan Borough Council
£28,221 - £35,229 / £33,136 - £41,846
Seeking an individual to lead on all aspects of Highways advice to a busy Development Management team Solihull, West Midlands
Recuriter: Solihull Metropolitan Borough Council

Highways Asset & Maintenance Manager

Brighton & Hove City Council
£42,806 - £46,326
Looking to recruit a new Highways Asset and Maintenance Manager Brighton, East Sussex
Recuriter: Brighton & Hove City Council

Commercial Manager

Leicester City Council
£41,846 - £44,697
Seeking for a Comercial Manager to work for the Leicester City Council. Leicester, Leicestershire
Recuriter: Leicester City Council

Senior Highways Development Engineer

Leeds City Council
£37,107 - £39,961
Seeking to appoint an experienced highways engineer or transport planner. Leeds, West Yorkshire
Recuriter: Leeds City Council

Trainee Deputy Editor of Bridge Design & Engineering

Bridge Design & Engineering
£24,000-26,000
Bd&e is looking for a structural or civil engineering graduate with a passion for bridges. Dorset
Recuriter: Bridge Design & Engineering

Strategic Transport Project Development Officer

Hull City Council
£36.153 - £39.002
Would you like to work in the successful UK City of Culture? Kingston upon Hull, East Riding of Yorkshire
Recuriter: Hull City Council

Project Lead

Hull City Council
£45.181 - £48.563
Would you like to work in the successful UK City of Culture? Kingston upon Hull, East Riding of Yorkshire
Recuriter: Hull City Council

Highway Development Control Officer

Hull City Council
£31.401 - £34.106
Would you like to work in the successful UK City of Culture? Kingston upon Hull, East Riding of Yorkshire
Recuriter: Hull City Council

Highway / Traffic Development / Design Technician - Three posts

Hull City Council
£28221 - £30756
Would you like to work in the successful UK City of Culture? Kingston upon Hull, East Riding of Yorkshire
Recuriter: Hull City Council

Assistant Director - Economy & Regeneration

Babergh & Mid Suffolk
Up to £72k
Quality of work, quality of life, along with a generous relocation package and flexible working patterns. Ipswich, Suffolk
Recuriter: Babergh & Mid Suffolk

Assistant Director - Environment & Commercial Services

Babergh & Mid Suffolk
Up to £72k
Quality of work, quality of life, along with a generous relocation package and flexible working patterns Ipswich, Suffolk
Recuriter: Babergh & Mid Suffolk

Chief Executive

Barnsley Metropolitan Borough Council
c£160,000
Barnsley is a Council with ambition, flair and imagination Barnsley, South Yorkshire
Recuriter: Barnsley Metropolitan Borough Council