M Group Services (‘the Group’), a leading provider of services to essential infrastructure markets in the UK, with a turnover of over £1bn, today announces the acquisition of Industrial Water Jetting Systems (“IWJS”).
IWJS is one of the leading providers of wastewater network services to the water, transport and environmental sectors, with revenues in excess of £30m per annum. Its extensive service offering includes sewer and drainage maintenance and rehabilitation, lining and patch repair, jetting and cleansing and CCTV investigation.
As M Group Services’ sixth acquisition in just over two years, IWJS will retain its brand identity and will continue to operate as a standalone specialist services business within M Group Services, forming part of the Group’s Utilities division that includes operating businesses Morrison Utility Services, the UK’s largest dedicated utility service provider, and PMP Utilities, a leading provider of asset refurbishment, renewal and repair services in hazardous environments and confined space.
M Group Services Chief Executive Jim Arnold commented: “This is a significant acquisition that further enhances the scope of complementary, specialist essential infrastructure services that our Group delivers to utilities and other infrastructure clients in the UK and Ireland.
“Over the past 40 years, IWJS has demonstrated its ability to forge trusted, long-term client relationships and a capacity to cross-sell its extensive range of wastewater network services. Now, as a part of M Group Services, IWJS will benefit from the growth and diversification opportunities associated with membership of a broader infrastructure services group. Weare delighted to welcome IWJS to the M Group Services family.”
IWJS Managing Director Christopher Stewart commented:“IWJS has evolved to become one of the UK’s leading wastewater network and associated infrastructure solution providers. Following this acquisition, IWJS is ideally positioned to work with our fellow M Group Services businesses, creating value by complementing their existing service offerings for the benefit of our clients, while taking advantage of the financial scale of the Group and the growth opportunities this will bring.”
Financial details of the transaction were not disclosed.