Ferrovial to sell critical services provider Amey to focus on infrastructure

Spanish multinational company Ferrovial has agreed to sell Amey group, a provider of critical services in the UK, to a company controlled by funds managed by One Equity Partners alongside Buckthorn Partners.

The deal values Amey at €455 million and marks the completion of the divestment of Ferrovial’s former Services division.

Currently, Amey offers infrastructure maintenance and upkeep, consulting, and facility management.

The company also has waste treatment business that manages one million tons per annum, which will be retained by Ferrovial within its energy infrastructure and mobility division.

Excluding the waste treatment business, Amey employs 11,000 people with a revenue of €1,647 million in 2021.

The sale is expected to allow Ferrovial to enhance its strategy of focusing on the development, construction, and management of sustainable infrastructure.

Ferrovial to sell critical services provider Amey to focus on infrastructure. Photo courtesy of Ferrovial.

Ignacio Madridejos — Ferrovial CEO said: “This transaction represents a step forward in our Horizon 24 business plan, focused on developing sustainable infrastructure to continue creating value for our shareholders, and the communities in which we operate. The deal practically concludes the divestment of the Services business.”

The Amey sale is a result of a strategic review conducted by Ferrovial for all its businesses to focus on infrastructure, the prime source of value and returns for its shareholders.

Subject to regulatory clearances, the transaction is expected to be completed in 2022.

Nicholas Gee — Buckthorn Partners Founding Partner said: “Amey is at the heart of developing innovative routes to delivering the UK’s infrastructure needs. Amey’s consulting and engineering services are essential to expedite the energy transition by improving the performance of transport and building infrastructure.

“We are very pleased to partner with OEP in Amey, and we look forward to helping the company grow and investing in and supporting its great workforce.”