BGEN, previously Boulting, specialises in mechanical, electrical, instrumentation, management and automation (MEICA) providers. It’s lively in regulated finish markets together with energy & power, water, pharmaceutical and industrial sectors.
Its purchasers embrace Nationwide Grid, Thames Water, Scottish Water, and Anglian Water, which even have long-term partnerships with M Group Companies.
The acquisition widens the capabilities at the moment provided by M Group Companies, whose core is as a civil engineering contractor for public utilities.
Primarily based in Warrington, BGEN turned over £226m within the yr to April 2024 and made a pre-tax revenue of £15m. Its turnover has doubled previously 4 years. It modified its identify from Boulting in 2021.
BGEN operates 14 areas throughout the Uk and has almost 1,500 staff.
The phrases of the transaction weren’t disclosed.
M Group Companies chief govt Andrew Findlay mentioned: “BGEN is a enterprise with a protracted buying and selling heritage and a very good popularity and tradition that aligns with our personal.
“In keeping with our technique, the acquisition of BGEN considerably enhances the technical engineering functionality of M Group Companies, considerably deepening our capacity to supply professional options for our current purchasers and broad vary of recent purchasers, for at the moment and sooner or later.
“Collectively we’re even higher positioned to assist the power transition to web zero, main the way in which in sustaining and enhancing important infrastructure that’s regularly adapting to a quickly altering world.”
BGEN chief govt Robin Whitehead mentioned: “Becoming a member of M Group Companies represents probably the most important step in our buying and selling historical past thus far and an thrilling alternative for our individuals, purchasers and companions alike.
“Our focus stays on bringing excellence to engineering, serving to to maintain companies, industries and economies shifting ahead with a safety-first method.
“Our joint experience will present a wealth of specialist engineering providers throughout a number of sectors, assist us to ship much more successfully for our purchasers and obtain our personal development ambitions.”
M Group Companies was beforehand Morrison Utility Companies, owned by a part of Anglian Water earlier than its personal fairness buyout in 2008. It has had a number of totally different personal fairness homeowners since then and made common acquisitions, together with Dyer & Butler in 2016 and Skanska’s UK infrastructure enterprise in 2020.
M Group Companies was acquired by CVC Capital Companions in June this yr. [See previous report here.]
BGEN, as Boulting, was owned by East Midlands Electrical energy till a administration buyout in 1994.
Dominic Murphy, managing companion and co-head of the UK staff at CVC mentioned: “We’re delighted the M Group Companies staff has secured this transformational take care of BGEN as a part of its bold development technique. It’s the first since CVC accomplished the transaction to purchase M Group Companies, earlier this yr.”
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