Amey

Equipment rental specialist Speedy Hire has signed a long-term agreement with Amey Group Services to provide non-operated plant. The hire and solutions contract is worth up to £25m annually, Cheshire-based Speedy Hire announced yesterday. A company spokesman said the duration of the deal could not be disclosed. The firm said…

Amey UK saw a dip in turnover last year despite improving its tender success rate, according to the company’s latest annual accounts. Revenue at the transport infrastructure and facilities management contractor, which was ranked fifth in the CN100 2023 table of top contractors by turnover, reached £1.84bn in the year…

Amey, Aecom and WSP are among six contractors to have scooped places on a £90m engineering design framework in Northern Ireland. They join Jacobs, RPS Ireland and AtkinsRealis on the Department for Infrastructure’s (DFI’s) Major Works Planning, Assessment and Delivery Framework. The deal will see the successful firms work on…

Network Rail has named a raft of big-name contractors on a panel to deliver £3.5bn of infrastructure works in the East of England. The operating body appointed 15 firms including Morgan Sindall, Amey and Bam to its Eastern Routes Partnership (ERP). The framework will deliver key infrastructure improvement works throughout…

Amey Rail Ltd has been fined £533,000 by industry regulator the Office of Rail and Road after a worker was electrocuted. On Christmas Day 2019, Allister Hunt, a self-employed senior linesman for Amey, touched a live contact wire running 25,000 volts and suffered 55 per cent burns, which required multiple…

Amey has named former government minister Lord Colin Moynihan as its new chair. Moynihan, formerly a junior minister for energy, has taken over from Ian Tyler, who leaves the position after more than four years. Moynihan was an energy minister under both Margaret Thatcher and John Major. He also served…

The sale of Amey to a pair of private equity firms has been completed, with updated financial results showing the relevant operations making a profit of £82m in 2021.   US-based One Equity Partners and the UK’s Buckthorn Partners announced on 30 December that they paid former owner Ferrovial £264.6m for…

Andy Milner will return to Amey as chief executive, three years after he left the job. Milner will lead the firm under its new ownership, after private equity firms Buckthorn and One Equity Partners (OEP) bought Amey from Ferrovial for £400m in October. A statement from Buckthorn said Milner had…

Amey’s new owner faces a major challenge to achieve the kinds of returns it would like from the company, an expert has warned. Current owner Ferrovial announced yesterday it had reached an agreement to sell its stake in the contractor, aside from its waste treatment business. The buyer is a…

Amey has been sold by its Spanish parent company Ferrovial for £400m. Ferrovial announced it had reached an agreement to sell its entire stake in Amey group to a private equity consortium, but will retain ownership of the waste treatment business. It said: “Ferrovial has reached an agreement for the…