Amey and Briggs have linked up to deliver a £240 million contract to maintain and manage construction and materials-handling equipment used by British forces worldwide.
The contract, which is under way, will guarantee a sustained and consistent service for British Army, Royal Navy and Royal Air Force personnel at home and across the world.
AmeyBriggs was selected as preferred supplier to deliver MITER, a seven-year service contract to maintain and manage the Ministry of Defence’s (MoD) fleet of construction and materials handling equipment. Since the award, the partners have been working on a seamless transition of existing employees, equipment and services, including new IT system development and training packages, in preparation for full operations that commenced on 1 June 2021. The joint venture recently took on 140 new starters to ensure delivery.
MITER involves deployment and maintenance of key equipment used by the UK Armed Forces around the world as well as training military personnel in how to use it. It has brought together three separate contracts under one single fleet management and maintenance arrangement.
The C-vehicle Capability, Defence Mechanical Handling Equipment (DMHE), and Protected Engineering Equipment contracts now form part of the new consolidated MITER contract. This supports the MoD’s requirement to guarantee a consistent service for forces personnel on operations at home and overseas.
Gary Clements, managing director of AmeyBriggs, said: “The team has worked diligently to secure a smooth transition of services. We look forward to delivering high levels of service, innovation, and flexibility from the outset that meets the complex needs of our armed forces.”
As part of the contract, AmeyBriggs has already bought the existing MoD fleet, supported by a £70 million asset-based equipment revolver and term loan, with associated hedging arranged by ABN AMRO Bank. AmeyBriggs’ advisers for the facility were KPMG (financial), Osborne Clarke (legal), and Chatham Financial (hedging). Norton Rose Fulbright (legal) and Lambert Smith Hampton (valuation) acted for ABN AMRO Bank.
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