UK Telecoms Builder Firm John Henry Group Attracts Investment

The Cambridge-based John Henry Group (JHG), which helps to build new telecoms and fibre optic broadband infrastructure for operators like Virgin Media and BT, has won a £23.3 million investment from independent private equity company Growth Capital Partners (GCP).

The additional investment flows from a background that is seeing Virgin Media conduct a major £3bn expansion of their fibre optic and coaxial cable network to reach an additional 4 million premises by 2019, which has some involvement from JHG.

Similarly JHG have also been involved with BT’s trials of their new G.fast broadband technology and they’ll no doubt be assisting with the operator’s forthcoming commercial roll-out to 12 million premises too.

Patrick Henry, CEO of JHG, said (Business Weekly):

“It is an exciting time for John Henry Group as we continue to grow and develop our service offering across the UK. Grant Thornton [financial and business adviser] has delivered an outstanding result for both shareholders and the business, demonstrating a clear understanding of our objectives and managing the deal process to secure a great outcome for our stakeholders.”

Apparently it’s a good time to be in the large-scale telecoms related civil engineering business.