Sullivan Street to acquire Osborne Infrastructure Limited

Sullivan Street announces it is to acquire Osborne Infrastructure Limited - from Geoffrey Osborne Limited.

Elmstead Place - Osborne Infrastructure Limited | Sullivan Street | PBSA News
Elmstead Place.

Sullivan Street Partners has agreed to acquire Osborne Infrastructure Limited (‘OIL’) from Geoffrey Osborne Limited. Osborne Infrastructure Limited is one of the UK’s leading civil engineering and transport infrastructure businesses, working across rail and highways. The business has longstanding relationships with key clients in the sector – such as Network Rail, Highways England and Transport for London.

The business will continue to operate under the leadership of Managing Director John Dowsett, who will now become CEO. David Fison, former CEO of Skanska UK and the Osborne Group is joining the business as Chairman.

“We are excited to be acquiring a business with a fantastic reputation and which provides essential infrastructure to the nation’s transport networks. We look forward to supporting the management team as OIL enters its next chapter as a focused independent business.”

Richard Sanders, Founding Partner of Sullivan Street

“The business will continue to provide an unwavering commitment to our Infrastructure Transport customers, working collaboratively with our customers and suppliers to deliver exceptional projects; maintaining the culture and values that are embedded throughout our business. We are delighted to welcome the investment and support from Sullivan Street which will help us to achieve the growth ambitions set out within our Business Plan.”

John Dowsett, who will be appointed as CEO of Osborne Infrastructure Limited

“I am delighted to have reached this exciting milestone in the history of Osborne. Having secured the very best sponsor for Osborne Infrastructure Ltd, we now have an amazing opportunity to prioritise our investments and focus our energy and resources into becoming market leaders in the residential and education sectors. This move provides us greater clarity of purpose and with our in-house expertise we can add value into every stage of the property lifecycle. Through offering end-to-end land acquisition through operation and property maintenance, we will provide sustainable, intelligently designed spaces that improve people’s lives.”

Andy Steele, Chief Executive, Osborne

The sale of the infrastructure business enables Osborne to continue the expansion of its purpose-built student accommodation (PBSA) and Build to Rent activities via the Osborne Developments business. The latest PBSA scheme is a 252 bedroom student scheme in central Norwich where construction is due to commence later this month.

“Having land, planning, development, construction and operational capabilities all under one roof means that we are extremely well placed to capitalise on the continued appetite for high quality PBSA and BTR schemes“ 

David Podesta, Head of Development Management & Operations, Osborne Developments

Alongside the current Norwich Development, Osborne also have an operational scheme adjacent to the University of Essex in Colchester and are currently pursuing off market opportunities in Bristol, Southampton & Brighton for their PBSA.