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19/08/2024

Keltbray Sells KISL Business

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Keltbra has completed the sale of its Infrastructure Services Limited (KISL) business to EMK Capital, a pre-eminent global private equity firm.

This strategic transaction supports Keltbray's focus on its core business areas while positioning KISL for continued growth under new ownership. EMK Capital brings the financial resources and strategic expertise to drive future transformational growth in KISL and enhance its market offerings.

The divestiture allows Keltbray a sharper focus on its well-established position as a leading specialist contractor in the built environment and major civil engineering markets.
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The sale enables Keltbray to concentrate on delivering high-quality service and maintaining strong earnings quality. Brendan Kerr remains the sole shareholder of the business and will continue to be supported by its existing senior management team, led by its new CEO, Vince Corrigan.

Brendan Kerr, Owner of Keltbray, commented: "This decision aligns with Keltbray’s long-term strategy to hone our focus on key business areas, allowing us to reinforce our commitment to excellence in the specialist engineering sector. Now is the right time for KISL to transition to a new owner and start a new chapter in its successful growth story."

Keltbray will continue delivering its full spectrum of specialist engineering services, supported by its in-house Design and Plant divisions. As part of the agreement, KISL will in due course be renamed and branded to remove the ‘Keltbray’ reference, reflecting its new ownership and strategic direction.

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