{"id":508919,"date":"2024-11-05T11:06:29","date_gmt":"2024-11-05T11:06:29","guid":{"rendered":"https:\/\/www.constructionnews.co.uk\/?p=508919"},"modified":"2024-11-05T11:06:29","modified_gmt":"2024-11-05T11:06:29","slug":"m-group-services-acquires-1500-staff-firm","status":"publish","type":"post","link":"https:\/\/www.constructionnews.co.uk\/financial\/ma\/m-group-services-acquires-1500-staff-firm-05-11-2024\/","title":{"rendered":"M Group Services acquires 1,500-staff firm\u00a0"},"content":{"rendered":"

M Group Services has acquired a technical engineering solutions business with more than 1,500 staff.\u00a0<\/span><\/p>\n

The infrastructure services group has paid an undisclosed sum for BGEN, a Warrington-headquartered company that specialises in building services in sectors including water, pharmaceuticals, industrial and energy.\u00a0<\/span><\/p>\n

BGEN made a \u00a315m pre-tax profit from a \u00a3225m turnover in the year to April 2024. M Group’s turnover is \u00a31.86bn, making it 10th in the CN100<\/a>\u00a0list of top UK construction firms.\u00a0<\/span><\/p>\n

The acquisition comes after M Group was acquired by Luxembourg-based private equity firm CVC under a deal announced in June<\/a>. Its portfolio includes defence manufacturer Ontic and vehicle recovery service RAC.<\/span><\/p>\n

This is the latest move in a flurry of activity linked to private equity firms. OCU Group revealed last month it had bought drilling firm Peter McCormack & Sons<\/a>. OCU Group is owned by Triton Partners, a private equity investor.<\/p>\n

In August, Keltbray revealed it had sold its infrastructure arm<\/a> to EMK Capital for an undisclosed sum.<\/p>\n

M Group said its deal was part of a plan to increase its clients.<\/p>\n

M Group Services chief executive Andrew Findlay said: \u201cIn line with our strategy, the acquisition of BGEN significantly enhances the technical engineering capability of M Group Services, significantly deepening our ability to provide expert solutions for our existing clients and broad range of new clients, for today and in the future.<\/p>\n

\u201cTogether we are even better placed to support the energy transition to net zero, leading the way to support essential infrastructure that is continually adapting to a rapidly changing world.\u201d<\/p>\n

Robin Whitehead, chief executive of BGEN, said: \u201cOur focus remains on bringing excellence to engineering, helping to keep businesses, industries and economies moving forward with a safety-first approach.<\/p>\n

\u201cOur joint expertise will provide a wealth of specialist engineering services across multiple sectors, help us to deliver even more effectively for our clients and achieve our own growth ambitions.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

M Group Services has acquired a technical engineering solutions business with more than 1,500 staff.\u00a0 The infrastructure services group has paid an undisclosed sum for BGEN, a Warrington-headquartered company that specialises in building services in sectors including water, pharmaceuticals, industrial and energy.\u00a0 BGEN made a \u00a315m pre-tax profit from a \u00a3225m turnover in the year …<\/p>\n","protected":false},"author":90383,"featured_media":501464,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false},"categories":[552,553],"tags":[],"yoast_head":"\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n