The company set up by the former directors of Multiplex has acquired the remainder of Rok’s London and South-east construction business.
Primus has acquired the business from Rok’s administrator PwC for an undisclosed six figure sum, following a sales and acquisition agreement being signed on Friday.
With framework contracts for Gatwick and Heathrow airports already sold to Mansell, Rok’s London and South-east business comprises chiefly of schools work for county councils including Oxfordshire, Reading and Surrey.
Primus will take on around 40 Rok staff and its Heathrow office. The Crawley and Reading offices owned by the London and South-east business will remain with PwC.
Primus chief executive Martin Tidd told CN that his firm had so far successfully novated eight of Rok’s contracts. He said: “We are pleased with the progress so far and looking to retain existing subcontractors where possible. We are looking forward to growing the business with the existing team.”
Primus is retaining 90 per cent of Rok’s London and South-east staff.
PwC revealed last month that subcontractors were owed nearly £280m by Rok.
The administrator is seeking to sell off the collapsed housing firm in chunks, and has already sold £4m worth of contracts to Mansell.