M Group Services (“the Company”), a £1bn turnover business that is a leading provider of services to regulated infrastructure markets in the UK including utilities, transport, telecom and data, today announced the acquisition of PMP Utilities (“PMP”).
PMP is the fifth acquisition made by the Company in 15 months. It further enhances the range of complementary specialist essential infrastructure services that M Group Services businesses are able to deliver to clients in the UK and Ireland.
PMP operates in complex, challenging confined spaces and ‘at height’ locations. It delivers mechanical engineering support, asset surveys, innovative pipeline leakage repair and emergency & rescue standby operations. By using various methodologies including rope access and no-dig repair technologies, PMP provides value engineering solutions to its clients across a broad range of infrastructure markets including water, power generation, gas and transport.
M Group Services Chief Executive Jim Arnold commented: “M Group Services is focused on achieving profitable growth both organically and through acquisitions that broaden our scope of expertise. The acquisition of PMP fits with that acquisition strategy perfectly. Its specialist services and expertise will enable M Group Services businesses to offer enhanced capabilities to their respective clients. We are delighted to welcome PMP to the M Group Services family.”
PMP Managing Director Stephen Taylor commented: “Our acquisition by M Group Services signals the next exciting phase of our continuing growth. We are now ideally positioned to benefit from the diverse range of new opportunities that becoming part of a broader infrastructure service provider group will bring and we look forward to working alongside the other M Group Services businesses.”
Financial details of the transaction were not disclosed.
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