M&A Deal Summary

Renew Acquires QTS Group

On May 9, 2018, Renew acquired construction company QTS Group for 80M GBP

Acquisition Highlights
  • This is Renew’s 1st transaction in the Construction sector.
  • This is Renew’s largest (disclosed) transaction.
  • This is Renew’s 8th transaction in the United Kingdom.

M&A Deal Summary
Date 2018-05-09
Target QTS Group
Sector Construction
Buyer(s) Renew
Deal Type Add-on Acquisition
Deal Value 80M GBP

Target

QTS Group

Scotland, United Kingdom
QTS Group Ltd. is a specialist independent rail contractor, providing services to the Rail sector with a focus on non-discretionary operational expenditure that is driven by regulation. Headquartered in Drumclog, Scotland, and with eight operational bases across the UK and founded in 1992.

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Buyer(S) 1

Buyer

Renew

Leeds, United Kingdom
Category Company
Founded 1786
Sector Construction
Employees4,361
Revenue 922M GBP (2023)
DESCRIPTION

Renew is a provider of multidisciplinary engineering services to the energy, environmental, infrastructure, and specialist building sectors in the United Kingdom. Renew was founded in 1786 and is based in Leeds, United Kingdom.

DEAL STATS #
Overall 8 of 8
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 8 of 8
Country (United Kingdom) 8 of 8
Year (2018) 1 of 1
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-05 Forefront Group

Leigh on Sea, United Kingdom

Forefront Group Ltd. is an engineering services business focused in the gas infrastructure market. Forefront operates in the South East of England with its head office in Leigh-on-Sea and was founded in 1995. The business focuses on the replacement of gas mains and other critical services for National Grid and Southern Gas Networks in London and the South East. Forefront provides its services through framework agreements and employs approximately 350 skilled personnel.

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