Morrison Utility Services (MUS or the Group) is the leading UK provider of infrastructure services to utility providers operating in the electricity, gas, water and telecommunication sectors.
Operating under long term contracts, MUS ensures that utilities’ infrastructure assets are continuously maintained, enhanced, expanded and renewed.
DC Advisory (DC), led by Jonathan Arrowsmith and Manuel Sammut, was engaged by Bregal and Motion in February 2016 to advise on the sale of the busines.
DC ran a targeted process, leveraging its sector expertise and senior relationships across international trade and selected private equity bidders, in order to identify a new long term partner for the business.
Following a highly competitive process with engagement from strategic and financial buyers, Bregal and Motion announced on the 21st July 2016 that they had agreed the sale of MUS to First Reserve, a leading global private equity and infrastructure investment firm exclusively focused on energy.
The investment enables MUS to accelerate it’s value creation plan during it’s next phase of growth.
It has been an absolute pleasure to work with DC Advisory. We worked very closely with the team throughout the process and always felt we were kept fully informed by them at all stages. The team were fully committed to the process and clearly understood our key business metrics, which I believe was critical in delivering a successful outcome. From commencement to completion, the DC team were highly professional and I would have no hesitation in providing a positive recommendation.
MUS is a first rate business with an excellent market position within the utility services sector. We are very pleased to have secured an exit for Bregal, Motion and management having run a competitive process involving trade and private equity bidders. First Reserve will be a strong supportive partner to help MUS grow in its next phase of development.