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Fri July 19 2024

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New owner for Babcock Power

4 Jan 22 M Group Services has acquired Babcock International’s overhead line power business for £50m.

M Group Services has taken over Babcock's power business
M Group Services has taken over Babcock's power business

Clients of Babcock’s £75m-turnover overhead line power business include National Grid, Scottish Power Energy Networks and Western Power Distribution.

M Group Services has rebranded the business as Morrison Energy Services.

The acquisition completed on 24th December 2021.

Jim Arnold, chief executive of M Group Services, said: “It is important for us to deliver sustainable growth both organically and through acquisitions and we are pleased to strategically enhance our capabilities with this acquisition which provides the means to accelerate our growth by delivering a greater breadth of electricity transmission services to our clients. The culture, capabilities and reputation that have become synonymous with this business make it a perfect fit for us. We are delighted to welcome David Maddocks and his team to M Group Services.”

David Maddocks, director of Babcock Power, added: “Our overhead line capability compliments the existing range of services and provides a solid platform to grow in a market that has great opportunity for expansion."

This is M Group Services’ 15th acquisition since December 2016. The group is majority owned by private equity firm PAI Partners.

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