Kier signals growth ambition with £50m move for Tilbury Douglas

By Dave Rogers2022-01-18T11:32:00

Firm said to be in advanced talks to buy up £485m rival

More consolidation in the sector is on the cards after it emerged this morning that Kier is close to announcing a deal to buy Tilbury Douglas with speculation it will pay around £50m for the near £500m turnover business.

The country’s second biggest contractor has been steadily rebuilding its reputation under the leadership of Andrew Davies after a series acquisitions under the previous executive saddled it with huge debts and led some to wonder whether it was heading the way of Carillion.

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