Construction contractor MCS Group today announced interest in potential merger and acquisition opportunities. The West-Midlands based company has already secured contracts worth more than £120m for 2019.
MCS Group operates in the industrial and logistics sector. Today’s comments were made at MIPIM, the international real estate conference in Cannes, where MCS is attending as a member of the Coventry & Warwickshire MIPIM Partnership.
MCS Group Managing Director Keir Edmonds said: “We’re attending MIPIM to link in with potential new clients, but we’re also looking at new opportunities to facilitate our future growth, which may include a merger or acquisition.
“We have clearly demonstrated that we know how to scale up and run a business successfully in the construction sector, and we know we have all the right processes and management team in place. It’s an exciting stage in our development and we are very clear about the kind of opportunity and sector we are interested in.”
MCS Group expects turnover to reach more than £150 million in 2019, up from £110 million in 2018 and almost double 2017’s figure. Profits remain on track to repeat 2016/17 levels of circa 5.0%. If growth is as planned, the workforce will increase to over 75 employees.
MCS Group is currently constructing several warehouse units at sites including Bristol, Kettering and Ipswich, and has recently reached practical completion on projects in Milton Keynes and Lutterworth. The company, currently based at Claverdon in Warwickshire, has started constructing a new 8,500 sq ft office headquarters at a site in Haywood Road, Warwick, in a £2.5 million investment.