Carillion’s former rivals continue to pick over its bones, with Canadian firm BGIS the latest to peck at the collapsed firm's carcass.
If negotiations are successful, in excess of 2,500 Carillion employees could transfer over to Brookfield Global Integrated Solutions (BGIS).
The contracts cover the justice, transport, education, hospital and emergency services markets.
Carillion: a month on, employees, partners and rivals feel the pain https://t.co/cD4XuIkQPo— Guardian news (@guardiannews) February 14, 2018
"This deal provides continuity of services for a large number of customers providing critical infrastructure within the UK market,” said Gord Hicks, the chief executive of BGIS.
“Our team is looking forward to engaging both customers and employees in the days ahead to effect the transaction and ensure a smooth transition,” Hicks added.
BGIS’s chief commercial officer Mark Marquis put in a quick plug for a company few in the UK have heard of, saying BGIS has a long-established track record of serving federal and regional government.
“With this transaction, we look forward to building a large presence in the UK facilities management market and providing customers with the same industry leading service and capabilities that we do throughout the globe,” he added.
Gail Cartmail, the assistant general secretary of the Unite union, told the BBC the union would look to meet immediately with BGIS to ensure that workers transfer over on contracts offering the same pay, terms and conditions.
The collapse of Carillion left the UK government scrabbling to find companies to take on public services that had been outsourced to private operators in the belief that they would do them more efficiently and more cost-effectively.
British engineering and construction company J Murphy recently bought the UK power framework business of Carillion while outsourcing giant Serco Group PLC (LON:SRP) has also been, in the words of some observers, feasting on Carillion’s corpse.
Serco secures large discount on Carillion's failed healthcare contracts i.e. they got some privatised pieces of our NHS, for a song.— Helen121 (@Helen121) February 15, 2018
For others, such as Galliford Try and Balfour Beatty, the fall-out from Carillion’s collapse has been less beneficial.
Galliford, Balfour and Carillion were working together on a new road in Aberdeen, while the latter two hade a couple of other ongoing projects as well; on Wednesday Galliford Try announced plans to raise £150mln as it had been obliged to increase its cash commitments to the joint venture on the Aberdonian project.