Concrete-frame specialist takes majority stake in respected demolition firm.
The Morrisroe Group has acquired a majority shareholding in demolition contractor Cantillon.
According to a statement from Morrisroe, “This is a strategic move by Brian Morrisroe that demonstrates confidence in the construction industry and further strengthens the position of the Morrisroe Group as a market leader.
This acquisition strengthens the range of specialist services that the Morrisroe Group offers to the sector, and opens up new and exciting opportunities for each of the specialists within the Morrisroe Group.
Greater integration, coordination and collaboration between the specialists within the Morrisroe Group will create value for customers. The combined expertise of each company will result in greater efficiencies and will improve our productivity.
The Morrisroe Group now has the capability to provide a full demolition and basement box solution in house and this supports the long-term strategy of the Morrisroe Group to remain the contractor of choice within the Construction sector.
“I am delighted that The Morrisroe Group has acquired a majority shareholding in CANTILLON, a highly respected market leader in demolition. This broadens the scope of services the we can provide in-house and builds on our reputation for delivering complex and challenging demolition and sub structure works in City Centres. The acquisition is a significant addition for us and good news for the market. I believe our clients will benefit from the greater integration of contractor specialisms from the early project planning stages through to execution in the field,” says Brian Morrisroe, CEO Morrisroe Group. “The Morrisroe Group is now positioned as one of the leading specialists in the Sector and I am looking forward to welcoming the Cantillon team and its clients to our Group.”