Keltbray has strategically divested its infrastructure services unit, Keltbray Infrastructure Services Ltd (KISL), to EMK Capital, aligning its focus on the built-environment sector.
- This decisive action aims to enhance Keltbray’s core strengths within the built environment and civil engineering markets.
- Chief Executive Darren James transitions to KISL, with Vince Corrigan stepping up as Keltbray’s new leader.
- KISL boasts an impressive £1.1bn order book, underpinned by its partnerships with leading infrastructure operators.
- The sale is anticipated to bolster Keltbray’s quality of service and profitability while continuing its specialist engineering offerings.
Keltbray, a prominent force in the construction sector, has sold its infrastructure services division, Keltbray Infrastructure Services Ltd (KISL), to private equity firm EMK Capital. While the financial details of the transaction remain undisclosed, this move is part of Keltbray’s broader strategy to concentrate efforts on its already strong position in the built environment and major civil engineering markets.
The leadership shuffle sees Darren James, the erstwhile chief executive of Keltbray, assume the role of CEO at KISL. In his stead, Vince Corrigan, former chief operations officer, will helm Keltbray. This transition is expected to streamline operations and refocus resources on priority sectors.
KISL leaves Keltbray with a robust order book exceeding £1.1 billion, a testament to its successful collaborations with numerous blue-chip infrastructure network operators. This strategic divestment is in line with Keltbray’s goal of diversified growth and augments its reputation in delivering quality services and profitable returns.
The decision marks a pivotal moment for Keltbray, as articulated by Brendan Kerr, who retains his role as sole shareholder and chair. According to Kerr, the sale is integral to cementing Keltbray’s standing as a leader in the built-environment sector while expanding its footprint in the civil engineering domain.
Despite facing a £1.2 million pre-tax loss in its recent financial accounts—partly the result of prolonged legal entanglements—Keltbray enjoyed a significant revenue increase, with a noted doubling of its order book. This progression underscores the firm’s resilience and commitment to achieving strategic growth in its chosen fields.
Keltbray’s sale of its infrastructure arm represents a calculated step towards strengthening its influence in the built environment science.
