South West construction and surfacing business acquired
Tarmac have announced the acquisition of Griffiths, a construction and surfacing business operating across Wales, the Midlands and South West England, for an undisclosed sum.
Griffiths, founded in 1968, operates out of six regional offices across Wales, the Midlands and South West England, employs its own 700-strong workforce and has an extensive plant fleet.
The company will continue to operate under the Griffiths name, with Tarmac and the Griffiths management teams ensuring business as usual for existing Griffiths customers.
By combining the expertise of both businesses, Tarmac say the acquisition will strengthen their overall civils and highways customer offer in key markets, as well as building upon their existing network of strategic sites, logistics and operations.
Griffiths’ principal sectors of expertise include highways and bridges, rail, utilities, surfacing, integrated transport, urban regeneration, highway maintenance and water management.
In its last accounts for the year to 31 December 2016, Griffiths reported a £50 million increase in revenue to £154 million, while pre-tax profit doubled to £2.3 million.