Cantillon joins the Morrisroe Group

October 2020

CONFIDENT AND EXCITING GROWTH FOR THE MORRISROE GROUP

Brian Morrisroe, owner and CEO of The Morrisroe Group has acquired a majority shareholding in CANTILLON, the highly regarded demolition firm, to broaden the portfolio of Companies within The Morrisroe Group.

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 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.

The deal means that the Morrisroe Group now has the capability to provide a full demolition and basement box service, in addition to concrete frames.  Upon the acquisition, Brian Morrisroe said:

“This broadens the scope of services we can provide in-house and builds on our reputation for delivering complex and challenging demolition and substructure 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. The Morrisroe Group is now positioned as one of the leading specialists in the sector .”

The Morrisroe Group has sought to diversify the business through acquisitions after successfully growing its profit and cash reserves in the past couple of years. In May last year we moved into the piling sector with acquisition of GSS Piling and Geostructural Solutions.  

“Clients are encouraging specialists to broaden our offering to take on front-end clusters of demolition, piling and substructure works as principal contractor for a year to give them breathing space to develop design and appoint a tier one.  

Cantillon has maintained a strong margin in its last two set of results. In 2018, a 35 per cent revenue increase powered the business into the top ten largest demolition contractors in the CN Specialist Index for the first time. Since then Cantillon has managed to improve its profitability, growing its margin from 8.7 per cent to 13.4 per cent in 2019 after earning £1.8m more profit on flat revenue of £37m.  Chairman Mike Cantillon, who has worked with his family’s business since leaving school, heralded the significance of the deal with Morrisroe.

“Today is a landmark moment for the business my parents founded 50 years ago. I am confident that, under the Morrisroe Group, the legacy of the Cantillon brand will continue well into the future,”

Cantillon managing director Paul Cluskey will continue to lead the business. He said: 

“This deal is great news for Cantillon, our team and our clients. I believe that the combined service that Cantillon, GSS Piling and AJ Morrisroe can offer, will be a welcome addition to the market.”