Contractors merge to create £1bn company
Contractors have merged to create a regeneration and repairs company with a turnover of £1 billion.
Keepmoat and Apollo Group legally completed the merger on Friday following months of work behind the scenes.
The new company, which is expected to be known as the ‘Keepmoat family of companies’, will employ 3,500 people across the UK and will be led by Ian Sutcliffe, chief executive of Keepmoat.
Mr Sutcliffe said: ‘I am very pleased to announce the formal completion of the merger between Keepmoat and Apollo. There is compelling rationale for our coming together as we have joined two strong businesses with the vision of becoming the leading player in our sector with national coverage and a comprehensive client offering.
‘We have already made substantial progress in terms of integration and, whilst there is still plenty of work to be done, I am confident that we are now well-placed to successfully deliver on our business objectives and I therefore look to the future with great optimism.’