WYG has made an acquisition which should help it secure a financial boost from the growth of Britain’s “energy coast”.
Leeds-based WYG, the global programme, project management and technical consultancy, has announced the acquisition of the share capital of North Associates (Cumbria) together with its subsidiary Taylor & Hardy, for a maximum total consideration of £5.0m.
In a statement, WYG said: “This acquisition further establishes the group’s status as one of the largest property asset management and planning consultancy businesses in the UK.
“It also positions WYG to benefit from some of the anticipated £90bn of investment planned as part of the development of Britain’s ‘Energy Coast’ in West Cumbria, where WYG also expects to use some of the planning skills developed as part of its work elsewhere in the nuclear sector.”
Operating from offices in Carlisle, North Associates provides specialist property asset management consultancy services which maximise the value of land and property for its clients, who include commercial developers, public sector bodies and regional landowners. Taylor & Hardy Limited “is a well-established local planning consultancy” which was acquired by North Associates in 2012.
Paul Hamer, the chief executive of WYG, commented: “We are delighted to be joined by the managing director, Andy Ross and the teams from North Associates and Taylor & Hardy, who have built a strong reputation in the region and have recently won the 2015 Service Business of the year award at the Cumbrian News Group Business Awards.
“We have collaborated successfully with them in the past on several projects and are confident that their experience in residential, energy and infrastructure markets will significantly strengthen our property asset management team. The acquisition will expand our offering across Cumbria and the North, in particular along Britain’s Energy Coast.
“Following on from the acquisitions of Alliance Planning and FMW Consulting, in September 2014 and June 2015 respectively, today’s news further demonstrates WYG’s ability to deliver sustained growth both organically and by acquisition, in line with our strategic growth aspirations.”