Amey and Briggs have joined forces to deliver a £240m contract to maintain and manage construction and materials handling equipment used by British forces across the globe.
The Contract, which is now live, will ensure a sustained and consistent service for the British Army, Royal Navy and Royal Air Force personnel at home and around the world.
AmeyBriggs has recently welcomed 140 new starters as the £240m MITER defence contract went live in June.
Announced in August 2020, AmeyBriggs was chosen as the 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 contract award, AmeyBriggs has been working to ensure a seamless transition of existing employees, equipment and services, including new IT system development and training packages, in preparedness for full operations that commenced on 1 June 2021.
MITER is an important new MOD contract involving the deployment and maintenance of key equipment used by the UK’s Armed Forces around the world as well as supporting military personnel in how to use it. It has brought together three separate contracts under one single fleet management and maintenance provision 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 ensure a sustained and consistent service for British Army, Royal Navy and Royal Air Force personnel on deployed operations at home and overseas.
Gary Clements, Managing Director of AmeyBriggs, said: “The AmeyBriggs 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, on 01 June 2021, AmeyBriggs purchased the existing MOD fleet, supported by a £70m asset based equipment revolver and term loan, with associated hedging arranged by ABN AMRO Bank. AmeyBriggs’ advisors 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.