Discover the latest M&A updates

Discover the latest M&A updates

So much can change in a year – especially in our markets!

Here is your annual roundup of the big M&A announcements from the past year.

M Group

M Group Services acquired home decarbonisation firm AgilityEco. They join their existing portfolio of energy service providers, including Morrison Energy Services, Seeka and Callisto.

Last year they also acquired Avonline Networks. The telecom network specialist employ 90 staff across offices in Cardiff and Northumberland.

Octavius Infrastructure

Has made several acquisitions this year. They bought London-based specialist rail consultant Navitas Engineering Group. The 30-strong team provides electrical engineering consultancy services to both the railway and electricity industries.

They also bought the assets and most of the contracts of R&W Civil Engineering after it went into administration.


UK Private Equity firm Buckthorn Partners completed the purchase of Amey from Ferrovial at the beginning of last year.

VINCI Energies

Acquired high voltage overhead line specialist NorPower. This represents Vinci’s second acquisition in Scotland in the past two years, as well as the opening of new design offices in Glasgow.

United Living

Was sold to US-based private equity giant Apollo for an undisclosed figure.

Aggregate Industries

Has bought leading Midlands aggregate concrete block maker Besblock.

FM Conway

Acquired Essex-based Flowline and its 164 employees. Specialist drainage contractor Flowline appointed administrators from PwC in May.


Has  boosted its building control business with the acquisition of Ball & Berry. Ball & Berry provides Approved Inspector services to commercial, residential, education, healthcare, hospitality, industrial and leisure sectors.

OCU Group

The parent company of O’Connor Utilities and Instalcom, has acquired London multi-utility contractor Modus Utilities

Mitie Group

Has acquired JCA Engineering, an engineering and fit-out with 180 employees, in a deal worth up to £31.5m.


Have bought Dutch steel contractor, Voortman Steel Construction, as it seeks to expand its European operations.


Construction materials group GRS has acquired ground stabilisation and enabling works contractor Soil Science Ltd.


Kier bought Buckingham Contracting Group’s rail business for £9.6m. The move saw 180 Buckingham staff move to Kier.


Acquired two companies dedicated to the design of tunnels and underground structures, Bamser, in Australia and Subterra, in Spain.

Last year, SYSTRA also acquired the Swedish, Danish, and Norwegian entities of Atkins, alongside Rail Systems Australia.

Hitachi Rail

Has been given clearance to proceed with its £1.4bn acquisition of Thales’ Ground Transportation Systems business.


Has sold a subsidiary of Louis Berger –  Louis Berger Services Inc. (“LBS”) to Versar Inc. a global engineering, environmental, and security services company. 

They also acquired lgt, a Quebec-based building engineering firm and  Calibre an engineering services provider based in Australia.

Transport UK

Abellio completed the divestiture of its UK subsidiary through a management buy-out. Abellio UK’s operations transferred in their entirety to the MBO vehicle, Transport UK Group Ltd.


Expands in Ireland with acquisition of JB Barry & Partners, a civil engineering firm with headquarters in Dublin.

Galliford Try

Has bought specialist water and energy industry contractor AVRS Systems for £7m.


Has sold its FM business to a management buyout team. The management buy-out of Mace Operate has been led by the FM arm’s Chief Executive Ross Abbate and Financial Director Chris Bampton alongside Mace Group Deputy Chairman Mark Holmes, who will become Chair of the new standalone firm.


Irish engineering services business, Obelisk announced the acquisition of the telecoms division of Balfour Beatty. The move follows Obelisk’s acquisition by Constructel Visabeira in 2022.

Van Elle

Van Elle Holdings has bought Galliford Try’s specialist piling business Rock & Alluvium.

Mott MacDonald

Completed their acquisition of Engevity, an Australian firm specialising in strategic advisory across the energy, climate and infrastructure sectors.

Keen to discuss your business plans for the year – when is a good time next week to catch up?

Please do drop me an email with your availability for next week.

Author: Jim Newsom

Jim Newsom

Managing Director