M&A Deal Summary

M Group Services Acquires Meter-U

On June 1, 2017, M Group Services acquired business services company Meter-U from EnServe Group

Acquisition Highlights
  • This is M Group Services’ 1st transaction in the Business Services sector.
  • This is M Group Services’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2017-06-01
Target Meter-U
Sector Business Services
Buyer(s) M Group Services
Sellers(s) EnServe Group
Deal Type Divestiture

Target

Meter-U

United Kingdom
Meter-U is a provider of meter reading and data collection services for domestic and non-domestic premises. Other services include meter data management, leakage reporting, client revenue protection and meter replacement activities. With a field force of over 400 personnel, the company manages the data from four million meters, collecting over 17 million meter reads per annum throughout the UK and Ireland.

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Buyer(S) 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 STATS #
Overall 1 of 6
Sector: Business Services M&A 1 of 2
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 6
Year: 2017 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-29 Magdalene

Saint Ives, United Kingdom

Magdalene Ltd. is a specialist provider of design, build, procurement, installation, commissioning, maintenance and repair support services to telecommunications carriers, equipment vendors and private enterprises in the UK and Ireland.

Buy -

Seller(S) 1

SELLER

EnServe Group

Borehamwood, United Kingdom

Category Company
Founded 1999
Sector Business Services
Employees1,650
DESCRIPTION

EnServe Group Ltd. is a provider of infrastructure support services to the Utility sector, operating principally in the UK and with a growing international presence.


DEAL STATS #
Overall 4 of 4
Sector: Business Services M&A 2 of 2
Type: Divestiture M&A Deals 3 of 3
Country: United Kingdom M&A 3 of 3
Year: 2017 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-23 Metro Rod

Macclesfield, United States

Metro Rod Ltd. is a provider of drain clearance and maintenance services delivered 24/7/365 on a largely reactive basis. Metro Rod Ltd. was founded in 1983 and is based in Macclesfield, United Kingdom.

Sell £28M