{"id":820496,"date":"2025-01-17T05:11:58","date_gmt":"2025-01-17T11:11:58","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/17\/lendlease-sale-of-british-unit-to-us-equity-firm-faces-uk-official-review\/"},"modified":"2025-01-17T05:11:58","modified_gmt":"2025-01-17T11:11:58","slug":"lendlease-sale-of-british-unit-to-us-equity-firm-faces-uk-official-review","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/17\/lendlease-sale-of-british-unit-to-us-equity-firm-faces-uk-official-review\/","title":{"rendered":"Lendlease Sale of British Unit to US Equity Firm Faces UK Official Review"},"content":{"rendered":"
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\"Logo_Login_Lendlease.svg.png\"<\/p>

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Sale of Lendlease operations in the U.K. to PE firm Atlas Holdings for about $70 million is set to close by mid-2025.<\/p>\n

Image courtesy Lendlease<\/em><\/p>\n<\/figcaption><\/div>\n

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Days after Sydney, Australia-based developer-contractor Lendlease announced its intent Jan. 2 to sell its U.K. business\u2014its last in a non-domestic market\u2014to U.S. private equity firm Atlas Holdings LLC for $70 million, the deal has been paused due to regulator review of possible national security risks in the unit\u2019s defense contracts, according to a report by British publication Construction News.<\/em>\u00a0<\/p>\n

The U.K. government did not comment on the review, but it was reported\u00a0<\/a>that it is set to take at least 30 days, and is mandated by law related to acquisitions of firms involved in defense ministry projects. Lendlease has five contracts with the ministry. But the deal still is expected to be completed by midyear, the company said.<\/p>\n

At that time, Greenwich, Conn.-based Atlas Holdings is set to restore Bovis as the brand for the London-based operation, which was dropped by Lendlease in 2011, a company spokesperson confirmed.<\/p>\n

The PE firm also owns Permasteelisa S.p.A., the Italy-based global specialty fabricator and contractor known for advanced building facade installation on iconic towers and other structures with complex geometrics that was acquired in 2020, as well as Veritas Steel, the third-largest U.S. steel fabricator and specialist in bridge structures.<\/span><\/p>\n

Lendlease\u00a0<\/span>announced the sale<\/span><\/a>\u00a0of its global businesses last year to focus on the Australia market shortly before its New York and New Jersey operations were acquired by\u00a0<\/span>Milford, Mass.-based Consigli Building Group Inc.<\/span><\/p>\n<\/div>\n

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\"Debra<\/a><\/p>\n

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As ENR Editor-at-Large for Energy, Business and Workforce, Debra K. Rubin has a broad vantage for news, issues and trends in global engineering and construction related to key areas of global energy development and transition, corporate business and management, regulation and risk and next-generation workforce development.<\/p>\n

Debra also launched and manages ENR’s Top 200 Environmental Firms<\/strong><\/a> annual ranking, which defines key players in the dynamic global market for environmental services; and is editor of ENR WorkforceToday<\/em><\/strong> e-newsletter on industry talent management news and trends. Click here<\/a> to receive this free monthly newsletter.<\/p>\n

She also is a key organizer of ENR’s annual Groundbreaking Women in Construction\u00a0<\/strong>conference, a major AEC industry forum for talent management and women’s career advancement. Click here<\/a> for more detail on plans in formation for the next live event.<\/p>\n<\/div>\n<\/div>\n

Read More<\/a>
\n Stephania Redner<\/p>\n","protected":false},"excerpt":{"rendered":"

Sale of Lendlease operations in the U.K. to PE firm Atlas Holdings for about $70 million is set to close by mid-2025. Image courtesy Lendlease Days after Sydney, Australia-based developer-contractor Lendlease announced its intent Jan. 2 to sell its U.K. business\u2014its last in a non-domestic market\u2014to U.S. private equity firm Atlas Holdings LLC for $70<\/p>\n","protected":false},"author":1,"featured_media":820497,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,101886],"tags":[],"class_list":{"0":"post-820496","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-british","8":"category-lendlease"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/820496","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=820496"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/820496\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/820497"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=820496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=820496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=820496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}