M&A Deal Summary

Costain Group Acquires Rhead Group

On August 24, 2015, Costain Group acquired engineering company Rhead Group from Inflexion for 36M GBP

Acquisition Highlights
  • This is Costain Group’s 3rd transaction in the Engineering sector.
  • This is Costain Group’s 0th largest (disclosed) transaction.
  • This is Costain Group’s 4th transaction in the United Kingdom.

M&A Deal Summary

Date 2015-08-24
Target Rhead Group
Sector Engineering
Buyer(s) Costain Group
Sellers(s) Inflexion
Deal Type Add-on Acquisition
Deal Value 36M GBP

Target

Rhead Group

Warwick, United Kingdom
Rhead Group Ltd. is a provider of professional services for the delivery of major infrastructure projects. The business combines traditional fields of quantity surveying with broader services such as technical engineering management and project management.

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Buyer(S) 1

Buyer

Costain Group

Maidenhead, United Kingdom

Category Company
Founded 1865
Sector Construction
Employees3,270
Revenue 1.3B GBP (2023)
DESCRIPTION

Costain Group provides engineering consultancy, and construction and ongoing care and maintenance services in the United Kingdom, Spain, and internationally. Costain Group was incorporated in 1865 and is based in Maidenhead, the United Kingdom.


DEAL STATS #
Overall 4 of 5
Sector (Engineering) 3 of 3
Type (Add-on Acquisition) 4 of 5
Country (United Kingdom) 4 of 5
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-01 EPC Offshore

Aberdeen, United Kingdom

EPC Offshore Ltd. is a specialist oil & gas project management services company. EPC Offshore is a field development and project management specialist providing client-side services to North Sea oil and gas companies. The company is differentiated by its programme management expertise and the highly effective application of proprietary in-house systems and processes.

Buy £10M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-06 Simulation Systems

Bristol, United Kingdom

Simulation Systems (SSL) is a provider of innovative technology-based solutions, primarily for the highways sector but with the potential for wider application across the Group. Company provides integrated hardware and software-based solutions across a broad spectrum of traffic monitoring and management requirements. SSL has an established blue-chip customer base including Highways England, Transport for London, the Scottish and Welsh governments and a number of English county and city councils.

Buy £17M

Seller(S) 1

SELLER

Inflexion

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 10.0B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

Inflexion is a private equity firm that specializes in investments in UK-based founder and family-owned businesses. Broad areas of interest include consumer products/services, business services, healthcare, industrials, technology, and financial services. The Firm's target investment size is £10 to £500 million. Inflexion was formed in 1999 and is based in London.


DEAL STATS #
Overall 22 of 61
Sector (Engineering) 1 of 1
Type (Add-on Acquisition) 9 of 29
Country (United Kingdom) 22 of 60
Year (2015) 6 of 8
Size (of disclosed) 17 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-29 Reward Gateway

London, United Kingdom

Reward Gateway offers a leading SaaS employee engagement platform that centralizes employee reward and recognition, discounts, communications, surveys, wellbeing, and flexible benefits. Its strategic products support companies with today’s most difficult people challenges, such as the digitization of the workplace, attracting and retaining talent, aligning and supporting remote workforces, and handling complex cultural issues. Reward Gateway was formed in 2006 and is based in London.

Sell £140M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-21 Ideal Shopping Direct

Peterborough, United Kingdom

Ideal Shopping Direct is a multi-channel retailer that engages in selling products to consumers through digital television home shopping channels and the Internet in the United Kingdom and internationally. Ideal Shopping Direct was founded in 1980 and is based in Peterborough, United Kingdom.

Sell -