Keltbray has completed the sale of its Infrastructure Services Limited (KISL) business to private equity firm EMK Capital.
Keltbray's diversification into infrastructure services began in 2009 with the acquisition of Gamble Rail, followed by Aspire Rail in 2010, and the establishment of its energy networks business in 2013. Over the years, the Infrastructure and Built Environment divisions have evolved into successful and profitable enterprises.
The company said the decision to sell the infrastructure division will enable it to focus more sharply on the built environment sector and other targeted markets, in line with its established strategy for diversified growth.
Brendan Kerr remains the sole shareholder of the retained Keltbray business and will continue to be supported by its existing senior management team, led by its new CEO, Vince Corrigan.
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This strategic move is expected to further enhance Keltbray's reputation by allowing the company to prioritise quality of service and profitability of earnings.
Kerr: "This decision reflects our commitment to solidifying Keltbray's position as a leader in the built environment sector while continuing to grow our presence in the broader civil engineering market. By focusing our resources and expertise, we are confident that Keltbray will continue to deliver exceptional value to our clients and partners.
Now is the right time for KISL to transition to a new owner
"Now is the right time for KISL to transition to a new owner and start a new chapter in its successful growth story," Brendan Kerr, owner of Keltbray, said.
Darren James, CEO of KISL, added: "On behalf of the entire KISL business, I'd like to place on record our sincere thanks for the support we have received from Brendan and the Keltbray Group over the last 15 years which has been instrumental. Together with the management team, I am very excited to partner with our new owner EMK Capital and deliver on KISL's full potential."
Keltbray will continue delivering its full spectrum of specialist engineering services, supported by its in-house design and plant divisions. As part of the agreement, KISL will, in due course, be renamed and branded to remove the ‘Keltbray' reference, reflecting its new ownership and strategic direction.
