With a turnover of 拢14m, KHES provides mechanical and electrical engineering for the rail industry, including design, installation and maintenance.
Its clients include Transport for London, Govia Thameslink Railway, Greater Anglia, Network Rail, Abellio East Anglia, London & South Eastern Railway, The Go-Ahead Group and Southern Railways.
With M Group, KHES will retain its branding and operate as a standalone, specialist services business. KHES will form part of the group鈥檚 transport division that includes civils contractor Dyer & Butler and Antagrade Electrical, a railway electrification specialist.
This is M Group Services鈥� 10th acquisition since it was established in 2016 as a parent company for Morrison Utility Services. The group was set up private equity firm First Reserve and bought out by PAI in August 2018.
M Group Services chief executive Jim Arnold said: 鈥淪trategic acquisitions are a core part of our strategy as we continue to enhance the scope of capability across our utilities, transport, telecom and data divisions. KHES has earned a strong reputation within the rail sector demonstrating impressive and sustained organic growth through its longstanding relationships with train operating companies and Network Rail. This acquisition broadens the complementary, specialist services delivered through the group鈥檚 transport division and we look forward to supporting the KHES management team as they look to cement the company鈥檚 leading market reputation and embark on the next stage of their strategic growth plans.鈥�
Neil Edwards, managing director of M Group Services鈥� transport division, added: 鈥淯nlike many of its peers, KHES delivers most of its work through a dedicated team of in-house operatives, ensuring a detailed understanding of its clients鈥� assets and working environment. This is an exciting addition to our portfolio of businesses that will broaden our scope of capability and add further momentum to the group鈥檚 ongoing growth plans for the rail and wider transport sector.鈥�
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