PAI's M Group buys Antagrade Electrical

Following the acquisition, Antagrade will retain its brand identity and continue to operate as a standalone specialist services business, forming part of M Group's transport division. 

Matt Strong, a member of Antagrade's founding family, will also remain with the business in the role of operations director.

In April this year, M Group acquired Industrial Water Jetting Systems, Avonline Networks and Tomato Plant Company.

The three bolt-ons came after PAI acquired M Group in a tertiary buyout from US-based energy-focused GP First Reserve in Q3 2018.

The GP is invested in M Group via its buyout fund, PAI Europe VI, which held a final close on €3.3bn in March 2015. M Group currently generates a turnover of around £1.2bn.

Company
Founded in 1983, Antagrade provides railway electrification infrastructure services, including the design, installation, testing and commissioning of sub-stations and track equipment that power the rail network. The business generates a turnover of around £1.2bn.

Some of its clients include Docklands Light Railway, Manchester Metrolink, Mersey Rail and Tyne and Wear Metro. The business is headquartered in Middlewich.

People
M Group Services – Jim Arnold (CEO); Neil Edwards (managing director, transport division).

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