‘Green Mur­phys’ to buy bust firm Car­il­lion’s UK power busi­ness

Irish Independent - Business Week - - TECHNOLOGY - Donal O’Dono­van

IR­ISH-OWNED civil en­gi­neer­ing gi­ant J Mur­phy & Sons has bought Car­il­lion’s UK power frame­work, the pri­vately held en­gi­neer­ing and con­struc­tion com­pany said yes­ter­day.

Bri­tish con­struc­tion and ser­vices com­pany Car­il­lion, which em­ployed over 43,000 peo­ple glob­ally, col­lapsed last month when its banks halted fund­ing, trig­ger­ing Bri­tain’s big­gest cor­po­rate fail­ure in a decade.

J Mur­phy has been known to gen­er­a­tions of Ir­ish work­ers in Bri­tain and to Lon­don­ers as the ‘Green Mur­phys’ thanks to the liv­ery of their ubiq­ui­tous vans and trucks in the city.

Its one of the big­gest in­fra­struc­ture con­trac­tors in the UK, and also op­er­ates in Ire­land and Canada.

It is con­trolled by founder John Mur­phy’s Co Kil­dare-based son Bernard Mur­phy and his wider fam­ily, whose wealth is es­ti­mated at around €443m.

The group has three main com­pa­nies, the prin­ci­pal one of which is work­ing on some of the UK’s big­gest con­struc­tion projects and gen­er­ates close to €1bn in a year in rev­enues.

The group will take over Car­il­lion’s po­si­tion on Na­tional Grid’s over­head elec­tric­ity lines, sub­sta­tion and un­der­ground ca­ble frame­work con­tracts and Car­il­lion em­ploy­ees will join Mur­phy, the com­pany said.

Car­il­lion’s Of­fi­cial Re­ceiver, who is man­ag­ing the mas­sive in­sol­vency for the Bri­tish gov­ern­ment, has since been look­ing through the about 450 con­tracts that Car­il­lion was man­ag­ing when it col­lapsed, seek­ing al­ter­na­tive con­trac­tors to com­plete the tasks.

Mur­phy will also be­come the new joint ven­ture part­ner of El­tel, the Swedish sup­plier of ser­vices for in­fra­struc­ture net­works, on over­head line and T-Py­lon frame­work con­tracts, Mur­phy added.

The UK’s Of­fi­cial Re­ceiver has made 829 Car­il­lion staff re­dun­dant so far but saved around 1,019 out of a UK work­force of 18,000.

Car­il­lion, which also op­er­ated in Canada, sold some of its Cana­dian as­sets to for­mer Bank of Ire­land share­holder Fair­fax Fi­nan­cial Hold­ings for an undis­closed amount on Mon­day.

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