Agilitas-backed Hydro International buys M&N

Hydro International is a UK-based wastewater treatment company that Agilitas acquired in 2018 using Agilitas 2015 Private Equity Fund. 

Since the 2018 buyout, Agilitas has worked with management to accelerate Hydro's expansion into related services and technologies, and acquired water resource modelling software firm Oxford Scientific Software as part of this strategy.

The addition of M&N expands the group into the "headwork" or "inlet works" segment, which refers to the initial stage of wastewater treatment.

Company
M&N was founded in 1993 and is headquartered in Portland, Dorset. It provides support to water and sewerage companies in the UK municipal sector by maintaining, servicing and refurbishing headworks equipment. The company generated operating profit of £1.4m from sales of £12.8m in 2018.

People
Agilitas – Martin Calderbank (managing partner); Tor Midsem (partner).
Hydro International – Michael Jennings (CEO).
M&N Electrical & Mechanical Services – Stuart Spinney (general manager).

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• Topics
• Expansion
• UK / Ireland
• Industrials
• Agilitas
• Build-up
• United Kingdom