M Group Services acquires Industrial Water Jetting Systems
Morrison Utility Services' parent company, M Group Services, has announced 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 £30 million 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 said: "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.
"We are delighted to welcome IWJS to the M Group Services family."
IWJS managing director Christopher Stewart added: "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.
- Southern investing £30M to improve Thanet sewers Southern Water is investing more than £30 million to upgrade Thanet's ageing sewers to help protect wildlife and the... Read More >
- Campaigners to demonstrate against Thames' 'super sewer' Campaigners from Don't Dump on Deptford's Heart are planning a demonstration on November 21 against the controversial... Read More >
- Lanes group invests in ‘ultra-safe' CCTV sewer crawlers Wastewater and drainage solutions provider Lanes Group has invested in EX-rated CCTV camera technology to meet the growing... Read More >
- A glass half-full? Bringing water costs down for utility customers Mark Bullock, Balfour Beatty chief executive officer for rail and utilities, says the water sector must change its... Read More >
- INWED 2019: 'Each step was driven by choosing work I enjoy' To mark International Women in Engineering Day 2019 on 23 June, Fiona Barbour discusses her journey to becoming Mott... Read More >
- Interview: Kier Utilities' water MD Nigel Dyer Kier Utilities' Nigel Dyer tells Robin Hackett how the company is evolving to meet the changing demands on the water... Read More >
- Comment: New tech and partnerships will up the ante on leakage Closer partnerships, technology and connectivity will be the key to tackling leakage, with collaborative delivery... Read More >
- The search for safer streetworks practices Amey Utilities' HSEQ director, Gerry Mulholland, explains how the company’s 2020 Challenge and Know What’s Below... Read More >