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

Road worker/Ground worker

City of York Council
£10.30 per hour
Have you successfully worked as part of a team? York, North Yorkshire
Recruiter: City of York Council

HGV Relief Driver

North West Leicestershire District Council
Salary Band D, £21,589- £24,799 per year (pro rata to period of contract)
We are looking to recruit temporary HGV Relief Drivers with occasional loading duties to join NWLDC’s busy Waste Services Team. Coalville, Leicestershire
Recruiter: North West Leicestershire District Council

Waste Services Worker (Loader)

North West Leicestershire District Council
Band B, £18,795 - £19,171 per year (pro rata to the length of contract)
We are looking for Waste Operations Loaders to join our Waste Services Team to undertake waste collection and other related duties. Coalville, Leicestershire
Recruiter: North West Leicestershire District Council

Chargehand/Ganger

City of York Council
£11.09 per hour
Do you have experience of excavation, reinstatement and footway maintenance schemes? York, North Yorkshire
Recruiter: City of York Council

Sustainability & Resilience Manager (maternity cover)

Essex County Council
£51510.0 - £58752 per annum
This fixed-term contract will begin in August 2020 and is expected to last until October 2021 Interviews scheduled to be held Wednesday 10th June 2020 England, Essex, Chelmsford
Recruiter: Essex County Council

Civil Service Deputy Director Roles

GOV.UK
£70,000 - £117,800 & excellent rewards
We’re looking for significant experience of engaging at C-Suite and Board levels, excellent partnership-building and... England
Recruiter: GOV.UK

Engineer (Highways Scheme Design)

Medway Council
£31,888 - £37,646 per annum
The post-holder will be required to have highway engineering expertise in order to contribute to efficient and effective provision of... Medway City Estate, Rochester
Recruiter: Medway Council

Principal Flood Risk Officer

Lancashire County Council
£42,683-£46,566
We have an exciting opportunity for a Principal Floor Risk Officer Lancashire
Recruiter: Lancashire County Council

Resources and Waste Commercial and Contracts Manager

Northumberland County Council
£47,107 - £50,394
We are looking for a strategic, innovative and performance-focused leader to join us as Resources and Waste; Commercial and Contracts Manager. County Hall, Morpeth, Northumberland
Recruiter: Northumberland County Council

SEN Travel Assessment Co-ordination Officer

London Borough of Bexley
£35,529 - £41,796
We are currently seeking an experienced officer administrator who will enjoy working as team and under their own initiative, with duties including... Bexleyheath, London (Greater)
Recruiter: London Borough of Bexley

Principal Planning Liaison Officer X3

Somerset County Council
£33,799 to £37,849 per annum
We have a number of fantastic opportunities in Somerset at various levels Taunton, Somerset
Recruiter: Somerset County Council

Principal Estate Roads Engineer

Somerset County Council
£33,799 to £37,849 per annum
We have a number of fantastic opportunities in Somerset at various levels Taunton, Somerset
Recruiter: Somerset County Council

Principal Travel Plan Officer

Somerset County Council
£33,799 to £37,849 per annum
We have a number of fantastic opportunities in Somerset at various levels Taunton, Somerset
Recruiter: Somerset County Council

Assistant Estate Roads Engineer x2

Somerset County Council
£25,295 to £28,785 per annum
We have 2 exciting opportunities for enthusiastic and committed individuals to join our Highways Development Management Team Taunton, Somerset
Recruiter: Somerset County Council

Design Services Manager

Lincolnshire County Council
£50,430 - £55,503
We are a team of mixed experience and skills, proud to serve the people of Lincolnshire and have fun whilst doing so! Lincolnshire
Recruiter: Lincolnshire County Council

Transport Planning Officer

North Yorkshire County Council
£29,636 to £32,029
We are looking for a Transport Planning Officer to join our Highways and Transportation service. Northallerton, North Yorkshire
Recruiter: North Yorkshire County Council

Transforming Cities Fund - Project Delivery Manager

North Yorkshire County Council
£48,000 to £55,840
We are looking to appoint to the pivotal position of TCF Project Delivery Manager on a 3 year fixed-term contract, to... Northallerton, North Yorkshire
Recruiter: North Yorkshire County Council

Engineer (Drainage)

Medway Council
£31,888 - £37,646 per annum
The post holder will be expected to work closely with our term maintenance contractor to successfully complete schemes. Medway City Estate, Rochester
Recruiter: Medway Council

Senior Street Lighting Engineer

London Borough of Richmond upon Thames and London Borough of Wandsworth
£35,246 - £45,704 depending on skills, knowledge and experience
Are you looking for working arrangements that enhance your work-life balance? London (Greater)
Recruiter: London Borough of Richmond upon Thames and London Borough of Wandsworth

Estate Maintenance Operative

London Borough of Richmond upon Thames and London Borough of Wandsworth
Starting Salary is £21,210 depending on skills, knowledge and experience
You will be in daily contact with members of the public and will be expected to assist bereaved family members in a sympathetic manner. London (Greater)
Recruiter: London Borough of Richmond upon Thames and London Borough of Wandsworth

Highways on Fridays

Register now!

Latest Issue

latest magazine issue

Crossing the inflection point

COVID-19 recovery plans revealed

Modelling a changing world

The great reallocation

View the latest issue

Latest Video