M Group Services has acquired a technical engineering solutions business with more than 1,500 staff.
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.
BGEN made a £15m pre-tax profit from a £225m turnover in the year to April 2024. M Group’s turnover is £1.86bn, making it 10th in the CN100 list of top UK construction firms.
The acquisition comes after M Group was acquired by Luxembourg-based private equity firm CVC under a deal announced in June. Its portfolio includes defence manufacturer Ontic and vehicle recovery service RAC.
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. OCU Group is owned by Triton Partners, a private equity investor.
In August, Keltbray revealed it had sold its infrastructure arm to EMK Capital for an undisclosed sum.
M Group said its deal was part of a plan to increase its clients.
M Group Services chief executive Andrew Findlay said: “In 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.
“Together 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.”
Robin Whitehead, chief executive of BGEN, said: “Our focus remains on bringing excellence to engineering, helping to keep businesses, industries and economies moving forward with a safety-first approach.
“Our 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.”