Construction giant Sisk, operating across the UK, Ireland and Europe, has reached an agreement to acquire leading building and civil engineering contractor Farrans Construction from building materials provider CRH.
Employing a staff of 625 people, Farrans delivers world-class projects in core sectors including aviation, water and renewable energy in the UK and Ireland.
Discussing the deal, Paul Brown, CEO of Sisk said: "The acquisition of Farrans represents an excellent opportunity for Sisk to broaden its sectoral reach across the UK and Ireland. Their strong reputation and track record in delivering complex infrastructure projects aligns well with our strategic growth ambitions. This acquisition creates significant opportunity to capitalise on the growing aviation, energy, water and utility sector markets, leveraging the combined capability and highly skilled workforce."
Dominic Lavery, Farrans Managing Director, added: "This is a positive development for Farrans, and we believe that Sisk is the right strategic fit for our business as we look to the future. We're pleased that Farrans' people, culture, and brand will be retained, and we look forward to working together to deliver for our clients across the UK and Ireland."
As part of the sale, which is subject to relevant regulatory approval, the Farrans business will continue to trade under its own brand and all project operations will continue as normal. The consideration will not be disclosed.
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