This company was formed in 2016 to provide infrastructure services to utilities companies. Its clients include Thames Water, Yorkshire Water, Cadent and Openreach. Led by chief executive Jim Arnold, 53, the Stevenage firm has acquired five businesses in the past two years, including PMP Utilities in March for an undisclosed sum. M Group’s majority owner, First Reserve, sold the business to PAI Partners in May and is awaiting anti-trust approval for the deal, expected to complete in August.
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