Add-on Acquisition • Utilities

M Group Services Acquires Antagrade Electrical

On July 1, 2019, M Group Services acquired utilities company Antagrade Electrical

Acquisition Context
  • This is M Group Services’ 2nd transaction in the Utilities sector.
  • This is M Group Services’ 5th transaction in the United Kingdom.

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M&A Deal Summary

Date July 1, 2019
Target Antagrade Electrical
Sector Utilities
Buyer(s) M Group Services
Deal Type Add-on Acquisition

Target Company

Antagrade Electrical

Cheshire, United Kingdom
Antagrade Electrical Ltd. is one of the UK’s major providers of specialist railway electrification infrastructure services including the design, installation, testing and commissioning of substations and track equipment that powers the rail network.
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Buyer Overview 1

Buyer

M Group Services

Stevenage, United Kingdom

Category Company
Founded 1847
Sector Utilities
DESCRIPTION

M Group Services is a service provider to the regulated infrastructure markets in the UK and Ireland through its utilities, transport, telecom, and data divisions. The Company operates through its subsidiaries that include Morrison Utility Services, Morrison Data Services, Dyer & Butler, Magdalene, PMP Utilities and M Group Services Plant & Fleet Solutions. M Group Services was formed in 1847 and is based in Hertfordshire, England.


Deal Context for Buyer #
Overall 5 of 6
Sector: Utilities 2 of 2
Type: Add-on Acquisition 4 of 5
Country: United Kingdom 5 of 6
Year: 2019 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-28 IWJS

Suffolk, United Kingdom

IWJS is a provider of wastewater network services to the water, transport, and environmental sectors. IWJS extensive service offering includes sewer and drainage maintenance and rehabilitation, lining and patch repair, jetting and cleansing, and CCTV investigation. IWJS is based in Suffolk, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-13 KH Engineering Services

Kent, United Kingdom

KH Engineering Services Ltd. is one of the UK’s major providers of mechanical and electrical (‘M&E’) engineering solutions covering the design, management, and delivery of services for the rail and wider transport sectors. KH Engineering services are typically delivered across five categories; design and survey; M&E installation; lighting installation and testing; bespoke engineering and civil works; and maintenance.

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