FKS, founded by Frank and Kathryn Sinker in 2010, provides telecoms installation services.
鈥淭he FKS acquisition represents another significant step in our ambition to become a leader in full fibre network delivery,鈥� said O鈥機onnor Utilities managing director Adrian O鈥橲ullivan. 鈥淲e look forward to working with the FKS management team to ensure a smooth transition and transfer of operations鈥�
Frank Sinker, operations director of FKS, said: 鈥淎s a family-managed company based upon our core principles of service, commitment and value, we have always taken a people-first approach and thus wanted to ensure our business and its people would be transferred to a company that operated in a similar manner. OCU was the ideal acquiror, given they share our vision of a flexible, professional and customer-focused service鈥�
Michael Hughes, who joined as OCU Group chief executive in December, added: 鈥淭oday鈥檚 acquisition of FKS expands our business capabilities and further reinforces our presence in the north and northwest of England. The expertise and experience that FKS brings is a welcome addition to our portfolio and will prove highly complementary to our existing operations and long-term expansion plans in the telecommunications sector.鈥�
Founded in 1994 in Manchester by brothers Tim and Tom O鈥機onnor, OCU Group provides contractor services including directional drilling to the utility sector . In the year to 30th April 2021 聽it grew turnover by 7% to 拢219.7m (2020: 拢206.1m) and pre-tax profit by 24% to 拢22.7m (2021: 拢18.3m).
O鈥機onnor Utilities is the largest trading division within the OCU Group. O鈥機onnor Utilities turned over 拢156.4m last year (2020: 拢124.5m) and made a pre-tax profit of 拢15.5m (2020: 拢9.8m).
Instalcom contributed 拢72.2m turnover (2020: 拢88.4m) and made profit before tax of 拢6.7m (2020: 拢7.5m).
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