M Group Services has strategically acquired BGEN, a prominent engineering solutions provider, significantly enhancing its technical capabilities and client base.
- The acquisition sees M Group Services expand its reach into sectors including water, pharmaceuticals, industrial, and energy.
- BGEN, a Warrington-based company, reported a notable pre-tax profit of £15m from a turnover of £225m for the year ending April 2024.
- This move forms part of M Group’s broader strategy to bolster its market position following its own acquisition by CVC.
- The partnership aims to drive progress towards net zero energy transition, highlighting shared growth ambitions in multiple sectors.
M Group Services, an infrastructure behemoth, has successfully acquired BGEN, an engineering solutions firm based in Warrington with a workforce exceeding 1,500. This acquisition allows M Group to further its reach and capabilities across diverse sectors, specifically water, pharmaceuticals, industrial, and energy. The financial details of the acquisition remain undisclosed, yet the strategic intent is clear: to augment M Group’s technical prowess and industry presence.
BGEN has demonstrated robust financial health, recording a £15 million pre-tax profit from a £225 million turnover in the last financial year. This performance underscores BGEN’s operational efficiency and market penetration within its fields of expertise. Consequently, M Group’s acquisition of BGEN is expected to consolidate its standing as a formidable player in the construction and engineering landscape, supplementing M Group’s reported turnover of £1.86 billion, positioning them as the tenth largest entity in the CN100 list.
This acquisition is a part of a wider flurry of private equity-driven activities within the sector. The backdrop to this development includes M Group’s own acquisition by Luxembourg-based private equity group CVC earlier this year, emphasizing a trend towards consolidation under private equity stewardship. Such moves aim to refine strategic goals and achieve a streamlined, robust client service model.
Chief executive of M Group Services, Andrew Findlay, articulated that this acquisition is pivotal in boosting the company’s technical engineering capabilities, thereby enriching the firm’s ability to provide expert solutions to both existing and new clients. This aligns with M Group’s strategic vision to lead in facilitating an energy transition towards net zero, catering to ever-evolving infrastructure demands.
Reflecting on the move, BGEN’s chief executive, Robin Whitehead, highlighted the synergies between the two companies. Emphasizing a shared commitment to engineering excellence and a safety-first approach, Whitehead noted how the combined expertise would enable both organizations to deliver superior services across sectors, thus materialising their growth ambitions.
The acquisition of BGEN by M Group Services marks a strategic enhancement of capabilities and alignment with industry trends.
