Leeds-based Renew sees a healthy pipeline of merger and acquisition opportunities

  • 📰 The Yorkshire Post
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The engineering services group Renew has said it continues to see a healthy pipeline of merger and acquisition opportunities after it delivered a record first half performance.

Paul Scott, CEO of Renew, told The Yorkshire Post that the Leeds-based group had enjoyed a period of strong organic growth in the six months ended March 31 2024. He added: “We have got a strong balance sheet and this give us firepower.” During the period, group revenue increased 17.2 per cent to £552.8m and the adjusted operating profit rose by 17.0 per cent to £33.1m.

” He added: “These successes, together with the core characteristics which underpin the markets in which we operate, provide highly visible revenue streams and reinforce our significant confidence in delivering against our growth targets in the medium to long term.

 

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