Announcement from Amey:

We are delighted to have the opportunity to partner with OEP & Buckthorn on the next phase of the business’ development. The combination of OEP and Buckthorn makes a powerful partnership to support the business going forward, not least the role it has to play assisting the management of the UK’s critical infrastructure and energy transition.

OEP is a middle-market private equity firm with approximately $10 billion in assets under management, focused on building market-leading companies through transformative combinations within the industrial, healthcare, technology, and media sectors in North America and Europe.

Buckthorn invests in industrial businesses providing products and services that support the growth and integration of renewable energy, lower emissions, energy efficiency and improvements to existing infrastructure.

OEP and Buckthorn will work with management to build an energy transition engineering business to be the UK leader in the delivery of net-zero infrastructure by decarbonising transport and improving building energy efficiency, and a meaningful player in consulting engineering in key markets.

Carve-out of the business from Ferrovial will bring opportunities for business improvement, investment and the ability to broaden its markets both within the UK and internationally.

We are also pleased that Andy Milner will return as Chief Executive of Amey, with immediate effect.

As always, our priority remains focussed on providing excellent customer service and delivering the critical services the country relies on.