JRL Group, which includes concrete contractor J Reddington, UK Facades and London Tower Cranes, has purchased McMullen Facades as a going concern.
McMullen was placed in administration earlier this week as a result of the failure of parent company Lakesmere, which itself went into administration two weeks before.
Peter Allen, joint administrator and partner at Deloitte, said: 鈥淲e are delighted to have concluded the successful sale of McMullen, retaining all 270 jobs. McMullen remains a profitable business that unfortunately was affected by cash flow issues in the wider Lakesmere group.鈥�
A JRL spokesman said: 鈥淭he acquisition of McMullen gives us the capability to offer a structure and envelope package. This will give clients a single point of contact to get a watertight building, whilst allowing savings on preliminaries, improved coordination, better programme and risk management benefits.鈥�
JRL鈥檚 intervention is expected to enable McMullen Facades to continue working on such high-profile projects as the Clatterbridge Cancer Centre NHS Foundation Trust鈥檚 new 拢162m specialist hospital in Liverpool, which Laing O鈥橰ourke is building. McMullen Facades has an 拢11m contract to deliver the fa莽ade.
It also has an 拢18m contract to supply Canary Wharf Contractors with a specialist glazed fa莽ade for a new 30-storey residential tower on the Southbank Place scheme (the former Shell Centre) in London.
This was the second time that McMullen Facades had been in administration in recent years. Lakesmere rescued it from administration in 2012.
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