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NVM Private Equity Vintage III LP, has invested £11.6m in supporting the management buy-out of Merseyside-based Knowsley Contractors Limited, trading as King Construction, a provider of civil engineering and construction services as it embarks on the next phase of its growth strategy.
A provider of civil engineering and construction services.
£11.6 million management buyout
Founded in 2002, the business operates a dedicated workforce of 220 from five locations and is led by an ambitious senior management team of four; Managing Director Dave Prescott, Chief Operating Officer Campbell Crawford, Finance Director Simon Warner and Commercial Director Mike Taylor. At completion Gary Howse will be joining the King team as Non-executive Chairman.
Primarily focusing on the maintenance and repair of the highway and utility infrastructure network within England and Wales for clients such as Liverpool City Council and United Utilities, King has enjoyed strong year on year growth. With a number of long term framework agreements in place, the Company is well positioned to capitalise on the ongoing requirement to modernise the national infrastructure. Against a backdrop of continued population growth and house building requirements along with an ageing infrastructure network, significant investment in both water supply and road development is expected to continue.