NG Bailey acquires Engineering Solutions Group
In doing so, the Leeds-headquartered services firm has bolstered its ranks with an additional £30m-turnover and 180 staff.
ESG is a specialist engineering group based in Nottinghamshire that primarily operates across the water and environmental infrastructure sectors.
The acquisition grants NG Bailey greater access to the water market in particular, with the company noting the current water industry investment cycle, called AMP8, has been almost doubled to around £104bn over the next five years.
Key ESG customers include the Environment Agency, Severn Trent Water, Anglian Water, Welsh Water, and Yorkshire Water.
NG Bailey did not disclose the purchase price.
As part of NG Bailey, the ESG existing management team will continue to run the £30m turnover business under its existing brands, such as ECS Engineering Service.
Jonathan Stockton, chief executive of NG Bailey, said: “Bringing ESG into the NG Bailey family is a decision which makes both strategic and commercial sense as we continue to deliver our Journey to 2030 business plan.
“The acquisition provides a natural extension to our existing range of services and strengthens both our market positions, whilst opening up new growth opportunities for us in key areas including water infrastructure.
“The business has a strong track record of projects, such as the delivery of Colwick Sluice refurbishment for the EA, alongside specialist fabrication expertise including work in the nuclear sector, which further strengthens NG Bailey as the leading independent engineering and infrastructure services business in the UK.
“We are confident about future growth opportunities for the business as part of the wider NG Bailey Group.”
Mark Watkins, managing director of ESG, said: “This transaction marks an exciting milestone for us, which over the last four decades has become a well-established, successful business with a strong market presence.
“Being part of NG Bailey allows us to combine our strengths and create something genuinely more powerful, for our people, partners and the markets we operate in.”
