He said: 鈥11 September made us all draw our breath and slowed down the process. We had to be very sure about what we wanted to achieve.鈥
Atkins鈥 move is the second large deal involving a QS in recent weeks. The first was Mott Macdonald鈥檚 tie-up with Franklin + Andrews. It is also part of a wider round of mergers and acquisitions in the construction sector as firms bolt on extra services or increase geographic coverage.
The deal, first revealed in 星空传媒 in March, increases the number of US states Atkins operates in from 11 to 19 and raises staff numbers to 1200. Southwell said: 鈥淎fter this deal, our offices cover 70% of the US population. There aren鈥檛 many companies of this quality around and this takes us from having a beachhead to a having footprint in the US.鈥
He added that the US market was still highly fragmented, so that 鈥渁ny company that can offer the range of services we do is in a good position鈥.
Atkins has been keen to expand its US operations for some time. Two years ago it bought Benham, a multidisciplinary consultant in Oklahoma, for 拢32.3m.
Hanscomb, which is based in Atlanta, Georgia, operates in the automotive, aviation, hospitality and leisure and education sectors. Projects include the construction of airport terminals in Texas, New York, and San Francisco.
It also has operations in the UK and Europe, including Germany and Russia. Hanscomb has 250 staff in the USA and another 125 around the world. Its turnover for the year to 31 September was 拢32.2m, and its operating profit was 拢2.8m. The group鈥檚 net assets are 拢4.4m.
City sources say that firms such as Carillion and Interior Services Group are on the hunt for acquisitions, especially in the facilities management market.
So farewell, then, WS 鈥
- never alter the logo
- never stretch or squash the logo
- never 鈥渃ross鈥 the A
- never change the colour.
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