Welsh construction firm acquired by a Wokingham entrepreneur
The construction division of The Premier Group, a specialist in retail forecourts and commercial fuel installations, is set to embark on a new chapter in its history following its acquisition by a new owner with ambitious plans to grow and diversify the company.
Chris Evans has acquired the company for a seven-figure sum following the retirement of Ken Owen, who has owned the construction division of The Premier Group since 2002.
Evans has worked closely with The Premier Group for almost two years. The change of ownership represents a natural progression for the company and includes plans to embark on a period of growth and diversification into other areas of construction, in addition to its specialist forecourt work.
Evans has previously acquired and developed numerous businesses. He is presently a director of Beaulieu Homes Southern Ltd, a Wokingham-based property development company, and a director of land investment company Sustainable Land Products Ltd.
The business will continue trading under the construction division of The Premier Group, though its registered company name will change from CNC Supplies Ltd to Premier Forecourts and Construction Ltd.
Owen Davies, a chartered accountant, has been appointed as a non-executive director of finance upon the completion of the deal. Formerly a partner in a city practice, Davies has held numerous commercial positions in both manufacturing companies and more recently in financial services businesses. He is currently the finance director of Sustainable Land Products and has worked alongside Evans for over 10 years.
Evans, the new owner of the construction division of The Premier Group, said:
“I’m extremely pleased to be the new owner of this already successful business. I recognise its potential and have many new ideas to bring to the company. I intend to develop the business further with a fresh approach that will assist with the expansion of its construction portfolio.”
Steve Evans, managing director of the construction division of The Premier Group, added:
“I’m excited for the future of the company with Chris’ input. We have been at the forefront of the construction industry in this highly specified sector for many years and I look forward to being a part of the business as it develops further.”