The Enquirer revealed last week that Brymor Construction had told subcontractors to stop work on sites and filed a letter of intent to enter administration in the High Court.
A statement from Hampshire based Portchester Equity said: “Portchester Equity is pleased to announce it has today acquired the assets and business of the Brymor Group – including Brymor Construction Limited.
“The Brymor Group is one of the UK’s top 100 independent construction companies, based in Denmead in Hampshire.
“When cashflow issues arising from the Ccvid pandemic forced the group to appoint administrators Portchester Equity stepped in to secure its future.
“Portchester Equity, a Hampshire-based trading conglomerate, is owned by Mark Thistlethwayte and also owns Welborne Land Limited, the master developer of the Welborne Garden Village to the north of Fareham.”