Acquisition of engineering company completes
M Group Services has completed the acquisition of Warrington-headquartered BGEN and its subsidiaries.
BGEN is one of the UK’s largest independent technical engineering solutions businesses with a strong position in regulated end markets including power & energy, water, pharmaceutical and industrial sectors.
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.
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.
M Group Services said it 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.
Andrew Findlay, M Group Services’ chief executive, 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.”
Robin Whitehead, chief executive of BGEN, 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, private equity owners of M Group Services, 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.
Clearwater advised BGEN on the deal, led by a Manchester-based team of Paul Jones, Zack Goddard, Declan Warwick, Richard Corrie, Jenny Manning, George Law and Tom Loveland.
Tony Harper, Jon Close and Megan Dent, at Brabners, acted as legal advisors to the shareholders.
