Listen to this article here
|
Stockport based utilities contractor, OCU Group has made its eleventh acquisition in less than two years with the purchase of Scottish civil engineering contractor, RJ McLeod.
The deal marks the latest in a string of acquisitions for the Stockport-headquartered business since receiving investment from private equity firm, Triton Partners, in August 2022.
RJ McLeod has been operating for over 70 years across mainland Scotland as well as the Northern and Western Isles and has increasingly focused in recent years on renewable energy projects, including onshore wind farms, hydroelectric and battery storage projects. The acquisition by OCU Group further strengthens the Stockport firm’s market position within the green energy sector.
OCU Group CEO, Michael Hughes, said:
“The RJ McLeod acquisition marks a key milestone in the OCU Group journey to become the leading energy transition and utilities contractor in the UK.
“RJ McLeod has built an unrivalled engineering expertise and reputation which now further strengthen our offering to clients. The breadth and depth of OCU and RJ McLeod’s delivery capability provides us with more strategic options when delivering end to end programmes for our valued clients. Together, we are well placed to lead the way in the UK’s energy transition delivery.”
Bruce Clark, joint MD of RJ McLeod, said:
“Since the business was founded by Roderick John MacLeod in 1951, we have carried the ethos of enabling people to give their best and we are very proud of the team that has brought us to where the business is today.
“Looking forward we see even greater opportunities to maintain and grow the impact of our people and delivery for our clients within the OCU Group family.”