The group, which includes Portakabin, Foremans and Yorkon, has secured the backing from HSBC and Lloyds.
Shepherd Group chairman Alan Fletcher said: 鈥淭his facility strengthens our financial position and demonstrates significant confidence in the potential of the group, providing us with additional flexibility and capacity for growth.鈥�
Martin Lunt, HSBC鈥檚 head of corporate banking in Yorkshire, said: 鈥淲hile some businesses operating in the construction sector have experienced challenges in achieving growth through the recession, Shepherd Group has continued to thrive, demonstrating that a forward thinking approach can overcome barriers presented by market conditions.鈥�
With a profit margin of 5.2% last year, Shepherd is one of the most profitable companies in the construction sector.