Acquisition will give WYG project management expertise in corporate fit out and urban regeneration markets
Trench Farrow, which also has an office in Swindon, focuses on the corporate fit out and urban regeneration market.
White Young Green has paid £4.5m for the business, £2.25m in cash and the remainder in shares. It may pay a further £1.4m depending on Trench Farrow’s financial performance in the first year.
For the year ended 30 June 2006, the profit before taxation of Trench Farrow was £916,654 on a turnover of £3.4m. White Young Green generated a pre-tax profit of £11.1m on a revenue of £167.5m for the same year end.
White Young Green chief executive John Purvis said: “The acquisition of Trench Farrow is another important step in the development of a comprehensive range of management services within WYG comprising project management, property management, cost management and health and safety management."