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Z-Tech is an Electrical Control & Instrumentation specialist providing mission critical services to the UK’s Water, Energy and Rail industries. MGS is a leading provider of services to essential infrastructure markets in the UK and Ireland, generating revenue in excess of £1.3b and backed by PAI Partners.
Z-Tech, with around 230 employees and a revenue of £20m, provides design, project management, commissioning, repair and maintenance services primarily to the UK’s water, energy and rail industries. Built over more than 20 years by founders Michael Swinhoe and Jeremy Bull, Z-Tech has long-term, established relationships across the sectors in which they operate including with Thames Water, Uniper and Transport for London.
Z-Tech is the latest addition to the growing number of technically enabled businesses within M Group Services, which means they are increasingly able to provide services to their clients which includes complete end-to-end delivery of technical and complex projects.
The acquisition of Z-Tech takes the total number of strategic acquisitions made by M Group Services to 14 since December 2016.
Andy Parker, Head of Cooper Parry Corporate Finance, said:
“This was a great deal for Z-Tech and its shareholders as it builds on the skills and knowledge they’ve built over a number of years. The acquisition will enable both parties to unlock synergies and allow Z-Tech to offer its services to a broader range of clients to meet the company’s ambitious growth plan.”