Coleman & Company acquire Eneotech Environmental

Coleman & Company have announced that last month they managed to acquire specialist land remediation, landfill restoration and industrial cleaning contractor Eneotech Environmental.

Eneotech is active in the UK, across continental Europe, and overseas, working out of offices in Manchester. Coleman sees the synergies between the group of companies allowing them to deal with the most difficult and complex of sites.

David Coleman, Group Chairman, stated of the acquitision:

“The combined Group Structure of Coleman & Company now allows Clients to contract with our organisation from start to finish in dealing with high risk hazardous sites.

It is also very exciting for us, as we now have experienced people based in three strategic regions across the UK that have expertise in all Group Activities”

Although now a part of Coleman & Company, Eneotech will continue to be treated as a separate entity and will trade as normal.

Asbestos contractor Silverdell buys demolition contractor EDS

Demolition contractor EDS has been acquired for the sum of £15 million. The buyer is Silverdell, an asbestos contractor who has bought the firm in order to unlock access to a number of international clients. Those clients include Exxon, Pfizer, Rolls Royce, and Shell. But that is just the beginning as EDS already has a presence in Australia, Canada, and China, as well as in the UK.

The seed was planted for an acquisition when both companies shared the work on the Magnox demolition framework contract. Now Silverdell has to find the funds in order to complete the deal, which it intends to do partially by share placing in a bid to raise £8.8 million.

Silverdell has a long history going back to when the company was first formed in 1979. Now, with EDS integrating into their future business, Silverdell hope to win a number of larger contracts in new locations around the world.

Source: Construction Enquirer