Building value creation and strong long-term growth prospects

1. Market-leading position, expertise and capabilities

  • Our businesses work in markets with high barriers to entry which demand a highly skilled, experienced workforce and a proven track record of safe delivery.

  • We develop our range of specialist skills enabling us to provide a more efficient and valuable service to our clients.

  • We target acquisitive opportunities that both broaden our range of capabilities and provide entry into markets that benefit from long-term regulatory spending programmes.

  • We develop long-term relationships with our clients, delivering both planned and reactive services to maintain their infrastructure assets.

2. High-quality value-accretive compounder

  • We have a proven history of shareholder value creation through consistent execution of our strategy to deliver reliable capital growth.

  • We have a track record of organic growth and M&A in high-margin, high-growth end markets, twinned with strong cash generation and shareholder returns.

3. Exposure to attractive long-term, non-discretionary structural growth drivers

  • We operate in markets underpinned by resilient, long-term growth dynamics and committed regulatory spending periods, with maintenance and renewals expenditure continuing to increase.

  • We deliver the day-to-day renewal and maintenance tasks required to keep critical networks operational.

4. Differentiated low-risk business model

  • Markets with committed regulatory funding

  • Delivering mission-critical infrastructure services across the UK

  • Low-risk, non-discretionary maintenance and renewals

  • Operating in complex, challenging and highly regulated environments

  • Highly skilled, directly employed workforce

  • Proven track record of compounded earnings growth and strong cash generation

  • Committed to adding value through innovation and collaboration

5. Strong long-term growth prospects

  • The Group is committed to growing the business in its chosen markets both organically and through selective complementary acquisitions whilst maintaining a disciplined approach to capital allocation and risk.

6. Ideally poised to benefit from green infrastructure investment

  • Our purpose-led ESG approach enables us to add value to our customers through investment in innovation and technology, assisting in the delivery of the UK’s net-zero carbon target by 2050.