The deal is set to be finalized by the end of this month, accelerating growth for the £500 million turnover business, which employs 4,000 staff across drainage and utility infrastructure projects.
Wayne Earnshaw, CEO of Lanes Group, commented: “This is a defining moment for Lanes Group as we continue to advance on our path of growth and innovation. Reports Contract Journal
“While this investment will open up new opportunities for us to expand and enhance our operations, I want to reassure our clients and partners that it’s business as usual.
“Our priority remains to deliver the same high-quality service and expertise we are known for, while also driving our long-term vision for the future.”
Edward Winter, Head of EMEA for Diversified Infrastructure at Global Infrastructure Partners (GIP), part of BlackRock, added: “Lanes Group is a market leader in providing essential maintenance and repair services to the UK’s water and wastewater infrastructure sector. With a scalable platform, a highly resilient business model, multi-year customer contracts, the largest fleet of equipment in the UK, and strong client relationships, the company is well-positioned for continued success.”
“We look forward to working with Wayne and the management team to continue to deliver reliable, high-quality solutions to customers across the UK and help them meet their requirements in the upcoming regulatory period.”
