Stevenage-based M Group Services said it completed the acquisition of Warrington-based BGEN Ltd, one of the UK’s largest independent technical engineering solutions businesses with a strong position in regulated end markets including power and energy, water, pharmaceutical and industrial sectors.
M Group is owned by private equity firm CVC.
Through its nationwide network of offices and almost 1,500 employees, BGEN provides its multidisciplinary offering to a range of clients including National Grid, Thames Water, Scottish Water and Anglian Water, which also have long-term partnerships with M Group Services.
“BGEN is a leading technical engineering solutions provider offering specialist Mechanical, Electrical, Instrumentation, Control, and Automation (MEICA) capabilities,” said M Group Services.
“These capabilities support clients in building new assets and to optimise existing assets, which play a crucial role in reducing carbon footprints to meet net-zero targets.
“This latest acquisition will enable M Group Services to rapidly advance its highly sought-after technical engineering solutions offering in its existing core markets in the energy, water, telecom and transport sectors, as well as expanding into new markets served by BGEN and further enhances M Group Services’ comprehensive platform of value-added infrastructure services expertise …
“M Group Services is committed to investing in BGEN, focusing on the growth and development of its workforce, training programs, and skill enhancement to further expand its platform capabilities.”
M Group Services CEO Andrew Findlay said: “BGEN is a business with a long trading heritage and an excellent reputation and culture that aligns with our own.
“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 in maintaining and enhancing essential infrastructure that is continually adapting to a rapidly changing world. .
“I am very pleased to welcome the BGEN team to the M Group Services family.”
BGEN CEO Robin Whitehead said: “Joining M Group Services represents the most significant step in our trading history to date and an exciting opportunity for our people, clients and partners alike.
“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.”
Dominic Murphy, Managing Partner and Co-Head of the UK team at CVC, said: “We are delighted the M Group Services team has secured this transformational deal with BGEN as part of its ambitious growth strategy. It is the first since CVC completed the transaction to buy M Group Services, earlier this year.”
BGEN is the second acquisition made by M Group Services this year.