UK
Ireland
Scotland
London
Construction News
12/11/2019
£11m Investment Unlocks Company Developments At Molson
UK equipment distributor Molson Group is set to enhance its sites and brands courtesy of a new multi million pound investment.
BGF has invested a further £11 million in the construction and waste management firm, which will also help boost its international offerings.
The Bristol-based company provides a wide range of equipment for the construction industry, including excavators, dump trucks, dozers, demolition rigs and waste and materials handlers. The business, which has additional depots including Warrington, London, Kent, Stratford-upon-Avon and Doune, is currently one of the largest suppliers of construction equipment in the UK.
BGF invested £6.3m into Molson in 2018 to accelerate growth and to explore potential acquisitions. Since then, the business has acquired Scottish equipment dealer Finlay Group, opened a new depot in Inverness, and recently been appointed Terex Trucks dealer for the UK. Molson's turnover is now in excess of £200m.
The £11m follow-on investment from BGF will be used to redevelop Molson's Avonmouth site into a centre of excellence for construction equipment in the UK and a national parts centre. It will also be used to expand the Group's international reach, support new brands including Terex dump trucks, and continue to develop Molson Green, its distribution arm for waste management and recycling equipment.
Robin Powell, managing director of Molson, said: "We are immensely proud of the business we've built over the past two decades and our partnership with BGF has helped us accelerate that growth and hit some significant milestones over the last 12 months. We have ambitious plans for the future, and we're pleased to have BGF's long-term funding and support to help us get there."
Paul Oldham, BGF investor who sits on the board of Molson, commented: "Molson has generated impressive growth across the UK and internationally in recent years, becoming an industry leader with a strong reputation and track record. Robin, Jonathan and the team at Molson remain committed to excellent customer service through their extensive global network and strong supplier relationships and we're delighted to be supporting them through this exciting next stage of growth."
(CM/MH)
BGF has invested a further £11 million in the construction and waste management firm, which will also help boost its international offerings.
The Bristol-based company provides a wide range of equipment for the construction industry, including excavators, dump trucks, dozers, demolition rigs and waste and materials handlers. The business, which has additional depots including Warrington, London, Kent, Stratford-upon-Avon and Doune, is currently one of the largest suppliers of construction equipment in the UK.
BGF invested £6.3m into Molson in 2018 to accelerate growth and to explore potential acquisitions. Since then, the business has acquired Scottish equipment dealer Finlay Group, opened a new depot in Inverness, and recently been appointed Terex Trucks dealer for the UK. Molson's turnover is now in excess of £200m.
-- Advertisement --
The £11m follow-on investment from BGF will be used to redevelop Molson's Avonmouth site into a centre of excellence for construction equipment in the UK and a national parts centre. It will also be used to expand the Group's international reach, support new brands including Terex dump trucks, and continue to develop Molson Green, its distribution arm for waste management and recycling equipment.
Robin Powell, managing director of Molson, said: "We are immensely proud of the business we've built over the past two decades and our partnership with BGF has helped us accelerate that growth and hit some significant milestones over the last 12 months. We have ambitious plans for the future, and we're pleased to have BGF's long-term funding and support to help us get there."
Paul Oldham, BGF investor who sits on the board of Molson, commented: "Molson has generated impressive growth across the UK and internationally in recent years, becoming an industry leader with a strong reputation and track record. Robin, Jonathan and the team at Molson remain committed to excellent customer service through their extensive global network and strong supplier relationships and we're delighted to be supporting them through this exciting next stage of growth."
(CM/MH)
Latest Construction News
29/01/2025
Caddick Construction has been awarded a £43 million contract to deliver the first phase of Cole Waterhouse's flagship regeneration scheme in Digbeth, Birmingham.
The project, known as Upper Trinity Street, marks a significant step in the area’s transformation.
Spanning 182,986 square feet, the re
29/01/2025
McLaren Construction has been appointed by O&H Properties to deliver the first phase of a £60 million Foster & Partners-designed development at the corner of New Bond Street and Grafton Street in London’s West End.
The seven-storey, 5,400 square metre prime retail and office scheme will feature ret
29/01/2025
GMI Construction Group has been awarded a contract to develop three high-specification warehouse units totalling over 175,000 square feet at Precedent Drive, Milton Keynes.
The £20 million project, commissioned by DV5 Last Mile Developments (UK) Ltd, a joint venture between Coltham and Delancey Re
29/01/2025
Plans for 106 sustainable new homes in Southville, a neighbourhood in South Bristol, have been approved as the city seeks to increase housing delivery to address growing demand.
Top 10 award-winning housebuilder The Hill Group will create a £60 million development on Raleigh Road, on land that was
29/01/2025
Bouygues UK has reached a major milestone in the fourth phase of the Hallsville Quarter regeneration project in Canning Town, London.
The project, part of the £3.7 billion Canning Town and Custom House Regeneration Programme, recently held a topping out ceremony, marking the completion of the 11-s
29/01/2025
Willmott Dixon Interiors is carrying out a significant upgrade to the roof of the National Maritime Museum in Greenwich, one of London's most iconic cultural landmarks.
As part of the £12 million project, the company is installing over 23,000 square feet of sun-protected glazing above the museum’s
29/01/2025
Equans has been appointed by Babergh and Mid Suffolk District Councils to carry out crucial decarbonisation work across the councils' housing stock, using funding secured through the Social Housing Decarbonisation Fund (SHDF).
The councils used the South East Consortium's Zero Carbon Framework to s
29/01/2025
In the world of construction, the quest for energy efficiency and sustainability is ever-evolving. Among the array of solutions available, EPS (Expanded Polystyrene) insulation stands out as a versatile and effective option for enhancing the thermal performance of buildings, particularly when used f
29/01/2025
BCP Council has completed significant coastal protection works at Hamworthy Park, ensuring its resilience against erosion for the next 20 years.
A 200-metre stretch of sea wall along the eastern promenade has been reinforced using low-carbon concrete, while new steps have been constructed to improv
29/01/2025
Geo-environmental consultancy and remediation contractor, The LK Group, has strengthened its team with a trio of recruits.
The multidisciplinary company's latest raft of hires comprises a new director, associate director and remediation manager.
The geo-environmental specialist, headquartered i
