Kilnbridge Construction Services becomes 100% employee owned

Read their announcement here

Philippa Meaden, Lead Associate, supported the transition

We are delighted to share the news that Kilnbridge Construction Services has become employee owned.

The construction company, which employs 800 people, is based in east London, with offices in Birmingham and Belfast, as well as a manufacturing facility in Northampton. Kilnbridge works across sectors including rail, aviation, nuclear, residential and commercial property and is proud to have secured multiple awards.

Kilnbridge now ranks as one of the largest employee owned construction contractors in the country.

Dermot McDermott, who founded the business in 1992 and grew it as a privately-owned company for 30 years, has sold all his shares. These are now held, collectively, on behalf of all Kilnbridge employees, through an employee ownership trust (EOT).

Dermot said he was immensely excited about the benefits that employee-ownership would unlock in the long-term both for the Kilnbridge team and for its clients and about the role it would play in ensuring the resilience and sustainability of the company for future generations.

“As an employee-owned business, Kilnbridge will continue to thrive and deliver for our clients in line with our deeply-held values of responsibility, integrity, collaboration and excellence”

Philippa Meaden, Lead Associate has supported the preparations for the transition to employee ownership.

“I am delighted, on behalf of JGA to be leading the cultural transition for Kilnbridge construction services from previously a family owned organisation to one that is employee owned. Working alongside the other professional advisors has been a pleasure.

With such a rich legacy and core values, employee ownership and Kilnbridge are a great fit. I am looking forward to continuing to work with the team to support them further in understanding how to lever the advantages that being employee owned can often afford businesses.”