Amey set to go private, report says

13/12/2018
Chris Ames

Roads and services contractor Amey is set to be sold to a private equity firm in the New Year, it has been reported.

The Financial Times said that Ferrovial, Amey’s Spanish owner, is in talks with PAI Partners and Greybull Capital over a potential sale of the business, ‘according to people close to the vendors’.

Amey is working on a £5.4m project in Birmingham to deliver a 4km two-way, fully segregated cycle route 

Last week Ferrovial said in a statement: that it ‘has entrusted an external consultant to explore the potential divestment of all or part of the assets of the services division of which Ferrovial owns directly or indirectly'.

The FT quoted another source as saying that Ferrovial ‘may need to package [Amey] with other parts of the business to find a buyer’.

Amey has been hit by a number of setbacks recently, including losing a long-running legal battle over its 25-year Birmingham PFI deal, which saw it set aside £208m to cover possible costs.

The FT quoted someone ‘close to the bidders’ as saying that, if taken private, the firm would be able to resolve ‘long-running contractual negotiations like this much more quickly away from the public eye’ and adding: ‘They can be a lot tougher if they don’t have to worry about reputational risk to the same extent.’

Despite its problems in Birmingham, Amey recently secured major contracts in Highways England’s Area 10 worth a combined £375m as well as a place on the strategic road operator’s Regional Delivery Partnership framework.

The FT said that Ferrovial, which owns Heathrow Airport, is aiming to narrow its focus to transport infrastructure, including its profitable toll roads business in North America, ‘according to people close to the company’.

A spokesperson for Amey declined to comment.

 

 

Highways jobs

Highway Inspector

East Riding of Yorkshire Council
£23.836
An exciting new opportunity has arisen within our Highways Development Management team. Beverley, East Riding of Yorkshire
Recuriter: East Riding of Yorkshire Council

Transport Planning Officer X 2

Plymouth City Council
Grade E-F Grade E (£22,911 - £25,295) Grade F (£26,317 - £28,785) per annum
Seeking two enthusiastic and motivated individuals to join this dynamic team who wish to progress a career in the area of Transport Planning. Plymouth, Devon
Recuriter: Plymouth City Council

Employment and Apprenticeship Officer

Brent Council
£33,291 - £35,724 p.a. inc.
Previous experience of successfully engaging employers and meeting their recruitment needs across a range of sectors is essential. Brent, London (Greater)
Recuriter: Brent Council

Student Environmental Health Officer Placements x 3 Jobs

Kirklees Metropolitan Council
National Living Wage plus enhancements for night time working
A unique chance to three Student Environmental Health Practitioners to gain experience of working within the Environmental Health function. Kirklees, West Yorkshire
Recuriter: Kirklees Metropolitan Council

Health and Safety Environmental Health Officer

Camden London Borough Council
£36,630 - £42,490 per annum
A fantastic opportunity has arisen for two highly motivated and experienced Environmental Health Officers to join our... Camden, London (Greater)
Recuriter: Camden London Borough Council

Transport Development Engineer

Bristol City Council
£22,021 - £23,836
An exciting opportunity has arisen in the Strategic Transport team for a junior engineer to join our Transport Development Management (TDM) team. Bristol (City Centre), City of Bristol
Recuriter: Bristol City Council

Transport Development Management Co-ordinator

Bristol City Council
£38,813 - £41,675
An exciting opportunity has arisen within Transport Development Management (TDM) City of Bristol
Recuriter: Bristol City Council

Contracts Manager - Core Service

Liverpool City Council
£37,849 - £42,683 per year
The successful candidate will manage and maintain Highways partnerships and contractual arrangements to ensure effective, quality and value for... Liverpool, Merseyside
Recuriter: Liverpool City Council

Transport Inspectors – Land & Maritime Security

Department for Transport
£33,990 - £36,880
Looking for Transport Security Inspectors to join our team to focus on direct monitoring and assessing of industry compliance against... London (Greater)
Recuriter: Department for Transport

Lead Engineer [Development]

Knowsley Metropolitan Borough Council
£40,760 - £41,675 per annum
Looking for an exciting new opportunity? Join us in Knowsley’s Major Development Team! Knowsley (Metropolitan borough), Merseyside
Recuriter: Knowsley Metropolitan Borough Council

Principal Engineer [Development]

Knowsley Metropolitan Borough Council
£34,788 - £35,934 per annum
Looking for an exciting new opportunity? Join us in Knowsley’s Major Development Team! Knowsley (Metropolitan borough), Merseyside
Recuriter: Knowsley Metropolitan Borough Council

Project Officer - Air Quality

Camden London Borough Council
£33,122 - £38,423
The successful candidate will ideally have a relevant degree or professional qualification. Camden, London (Greater)
Recuriter: Camden London Borough Council

Arborist

Royal Borough of Greenwich
£24.462 - £25.809
Seeking an experienced Climbing Arborist who has NPTC / LANTRA qualifications in chainsaw use and climbing operation units for an... Greenwich, London (Greater)
Recuriter: Royal Borough of Greenwich

Environmental Enforcement Patrol Officer

Brent Council
£31,548 - £33,291 p.a. inc.
Looking for a person who has experience in undertaking enforcement work, carrying out awareness raising/promotional work.  Wembley, London (Greater)
Recuriter: Brent Council

Traffic Management Operative/Foreman

Balfour Beatty
Competitive
Are you a Traffic Management Operative/Foreman with Highspeed (12AB) Qualifications, looking for a new and exciting opportunity? If so read on..... Leatherhead, Surrey
Recuriter: Balfour Beatty

Principal Economic Growth Officer

Essex County Council
Up to £45,000 per annum
It is an exciting time to be joining the Economic Growth team at Essex County Council. Essex
Recuriter: Essex County Council

Economic Infrastructure Manager

Essex County Council
Up to £57,000 per annum
It is an exciting time to be joining the Economic Growth team at Essex County Council Essex
Recuriter: Essex County Council

Head of Service - Highways

Sheffield City Council
£69,091 - £74,137
Looking for someone dynamic, with vision, energy, and an outward focus who can build strong relationships with all key partners, stakeholders with... Sheffield, South Yorkshire
Recuriter: Sheffield City Council

Senior Transport Officer

Kirklees Metropolitan Council
£33,799 - £35,934
You will be responsible for assisting the Team Manager with the day to day operational management and delivery of the transport service.  Kirklees, West Yorkshire
Recuriter: Kirklees Metropolitan Council

PCN Appeals Officer

Brent Council
£26,745 - £30,711 p.a. inc.
Looking for an experienced parking professional to join the Notice Processing Team. Wembley, London (Greater)
Recuriter: Brent Council

Download your Highways App

Google App Apple App

Highways on Fridays

Latest Issue

latest magazine issue

Exclusion by numbers

Cold Comfort review

Roadworks, what roadworks?

View the latest issue

Latest Video