PAI-backed M Group buys KHES

The acquisition of KHES takes the total number of bolt-ons made by M Group to 10 since December 2016.

PAI acquired the business in a tertiary buyout from First Reserve in 2018, drawing equity from PAI Europe VI, a vehicle that generally makes equity investments of between €100-300m.

KHES will continue to operate as a standalone business and will retain its brand identity as part of M Group.

Company
KHES was founded in 2011 and is headquartered in Stevenage. It provides mechanical and electrical engineering services to clients in the rail and wider transport sectors. It generated sales of £14m last year.

People
M Group Services – Jim Arnold (CEO).
KH Engineering Services – Darren Bates (managing director).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Portfolio management
• UK / Ireland
• Support services
• PAI Partners
• Build-up
• United Kingdom