Leading main contractor MCS Group announced today (Wednesday, March 13) at MIPIM that it is exploring potential merger and acquisition opportunities as it confirmed it has already secured contracts worth more than £120 million for 2019.
The ambitious West Midlands-based construction contractor is continuing to grow its presence in the buoyant industrial and logistics sector and has been appointed to deliver several multi-million-pound projects this year.
Speaking at MIPIM – the international real estate conference in Cannes, France – managing director Keir Edmonds said the company would be exploring opportunities to diversify into new sectors. MCS Group directors are attending the event and are researching companies that excel in specific sectors.
Keir said: “We’re attending MIPIM to link in with potential new clients, but we’re also looking at new opportunities to facilitate our future growth, which may include a merger or acquisition.
“We have clearly demonstrated that we know how to scale up and run a business successfully in the construction sector, and we know we have all the right processes and management team in place. It’s an exciting stage in our development and we are very clear about the kind of opportunity and sector we are interested in.”
He added: “We’ve had a great couple of years as we’ve followed our strategic business plan and gained a greater foothold in the buoyant industrial and warehouse sector. We’re quietly confident about this year and we’re already looking further ahead and can see continued significant but stable growth.”
MCS Group expects turnover to reach more than £150 million in 2019, up from £110 million in 2018 and almost double 2017’s figure. Profits remain on track to repeat 2016/17 levels of circa 5.0%. Jobs will be created, taking the workforce to over 75.
The company is at MIPIM – the world’s largest property development and investment show – as a member of the Coventry & Warwickshire MIPIM Partnership, which is made up of around 20 private sector companies and organisations who promote the area’s presence at the four-day event as part of the UK Midlands delegation.
MCS Group is currently constructing several warehouse units at sites including Bristol, Kettering and Ipswich, and has recently reached practical completion on projects in Milton Keynes and Lutterworth. The company, currently based at Claverdon in Warwickshire, has started constructing a new 8,500 sq ft office headquarters at a site in Haywood Road, Warwick, in a £2.5 million investment.