Bidders eye YRM engineers
Article Abstract:
A number of options are being considered for the future of multidisciplinary construction concern Kendell, which is still widely known as YRM. It is possible that management buyouts will take place at subsidiaries Anthony Hunt Associates, YRM Architects and Planners and YRM Engineers, while WS Atkins and Torpy are set to make bids for Kendell itself. The three main operating subsidiaries are all profitable, but the group as a whole has been badly affected by the costs of its property in London, England.
Publication Name: Building
Subject: Construction and materials industries
ISSN: 0007-3318
Year: 1997
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Mace founders plan share sale to staff
Article Abstract:
Construction management firm Mace is keen to emphasize that it has no plans to allow itself to be purchased by a larger concern. It hopes that the decision by founders and shareholders Ian Macpherson, Ian Wylie and Bob White to sell a large part of the business to up to 100 employees will further reinforce the company's independence. The three men plan to sell 35% of their stake in Feb 1998, followed by a further 35% in 1999. This will serve partly to raise money from venture capitalists.
Publication Name: Building
Subject: Construction and materials industries
ISSN: 0007-3318
Year: 1997
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Contractors break up their '80s empires
Article Abstract:
The top building contractors of 1999 are those who are focusing on their core business, in contrast to 1989, when conglomerates were the fashion. Then, smart businesses were thought to be conglomerates such as P&O, which today is planning to float its contractor arm Bovis. The change has been instigated by the financial markets, where contractors need to be seen as lean and mean.
Publication Name: Building
Subject: Construction and materials industries
ISSN: 0007-3318
Year: 1999
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