NuGen Properties

O’Connor makes telecoms acquisition


FKS, founded by Frank and Kathryn Sinker in 2010, provides telecoms installation services.

“The FKS acquisition represents another significant step in our ambition to become a leader in full fibre network delivery,” said O’Connor Utilities managing director Adrian O’Sullivan. “We look forward to working with the FKS management team to ensure a smooth transition and transfer of operations”

Frank Sinker, operations director of FKS, said: “As a family-managed company based upon our core principles of service, commitment and value, we have always taken a people-first approach and thus wanted to ensure our business and its people would be transferred to a company that operated in a similar manner. OCU was the ideal acquiror, given they share our vision of a flexible, professional and customer-focused service”

Michael Hughes, who joined as OCU Group chief executive in December, added: “Today’s acquisition of FKS expands our business capabilities and further reinforces our presence in the north and northwest of England. The expertise and experience that FKS brings is a welcome addition to our portfolio and will prove highly complementary to our existing operations and long-term expansion plans in the telecommunications sector.”

Founded in 1994 in Manchester by brothers Tim and Tom O’Connor, OCU Group provides contractor services including directional drilling to the utility sector . In the year to 30th April 2021  it grew turnover by 7% to £219.7m (2020: £206.1m) and pre-tax profit by 24% to £22.7m (2021: £18.3m).

O’Connor Utilities is the largest trading division within the OCU Group. O’Connor Utilities turned over £156.4m last year (2020: £124.5m) and made a pre-tax profit of £15.5m (2020: £9.8m).

Instalcom contributed £72.2m turnover (2020: £88.4m) and made profit before tax of £6.7m (2020: £7.5m).

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