M Group Services, owner of Morrison Utility Services and Industrial Water Jetting Systems (IWJS) has announced that IWJS, its recently acquired wastewater network services subsidiary, has completed the acquisition of the drainage division of Tomato Plant Company (TPC).
With a turnover of over £1bn, M Group Services is a leading service provider to essential infrastructure markets in the UK and Ireland through its utilities, transport, telecom, and data divisions.
The acquisition follows on from M Group Services announcement that it had acquired Industrial Water Jetting Systems, with revenues in excess of £30m per annum, at the end of March 2019.
TCP will be the Group's seventh acquisition in just over two years. IWJS has retained its brand identity and will continue to operate as a standalone specialist services business within M Group Services.
Other M Group subsidiaries include Avonline Networks, Dyer & Butler, Magdalene, Morrison Data Services, Morrison Telecom Services, M Group Services Plant & Fleet Solutions and PMP Utilities.
IWJS is one of the UK’s leading providers of wastewater network services to the water, transport and environmental sectors. Its service offering includes sewer and drainage maintenance and rehabilitation, lining and patch repair, jetting and cleansing and CCTV investigation.
As a specialist wastewater network service provider to the transport, utility and industrial sectors, TPC undertakes high pressure jetting, interceptor maintenance, pollution and flood management, sewer rehabilitation, CCTV inspection and liquid waste haulage.
Following the acquisition, TPC will be rebranded as IWJS Specialist Services, providing IWJS with complementary lining, sewer cleaning and maintenance capability and specialist expertise on working in airside environments.
M Group Services Chief Executive Jim Arnold commented:
“Since inception, TPC has achieved impressive growth, delivered through investment in skilled staff and specialist equipment, as well as a strong service delivery reputation.
“This acquisition broadens the scope of capability within IWJS and we have identified a number of opportunities to accelerate the growth of IWJS Specialist Services and to offer wider support for other M Group Services businesses. We are delighted to welcome TPC into IWJS and as a member of M Group Services.”
Financial details of the transaction were not disclosed.
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