Rosyth engineering firm Parsons Peebles in southern drive

Jim McColl. Picture: Andrew Cowan/Scottish Parliament

Jim McColl. Picture: Andrew Cowan/Scottish Parliament

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Parsons Peebles Group, the Rosyth-based engineering firm that forms part of Jim McColl’s Clyde Blowers business empire, has acquired a Reading-headquartered company that provides electromechanical services to the water industry.

The takeover of Taylor & Goodman will provide Parsons Peebles with expanded product and service capabilities and a network of UK locations which now numbers 13 in the UK. The deal comes on the back of Parsons Peebles’ integration of Anstee & Ware into the group last October.

Established in 1948, Taylor & Goodman has additional sites in Eastbourne and Bishop’s Stortford. It had been majority owned by Dutch Peter & Jacob Group prior to the sale.

Frank Barrett, chief executive of Parsons Peebles Group, said: “This acquisition gives us excellent local presence in the South East and an impressive list of blue-chip clients to add to our growing customer base.

“We’re particularly happy to offer an enhanced list of site and project services through the over 60 skilled members of T&G that have just joined us.”

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