The deal includes both trading subsidiaries Clegg Construction and Clegg Food Projects.
Group commercial director Keith Anderson said: 鈥淭he group has weathered the last 18 months well and is in a good position to capitalise on the levels of trading currently being experienced.
鈥淭he group will post a strong set of results to December 2021 based on an expected turnover of 拢115m. Carry forward workload into 2022 is also looking particularly positive, and expectations are that revenue will increase to around 拢130m.
鈥淭he employee ownership route will allow us to provide opportunities for succession from within the internal management team over the coming years 鈥� an ethos that has been encouraged within the group over the last half century.鈥�
The trust will be represented by a corporate body, led by an independent trustee and representatives from the employees and the board.
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