Structural steelwork specialist Harry Peers & Co has been sold in a deal worth £30m. Severfield will acquire 100% of its share capital for an initial cash consideration of £18m, with a £12m performance-based sum payable in late 2020. Harry Peers specialises in the nuclear, process industries and power generation sectors and reported turnover of £21.2m for the financial year ended 30 April 2019.
