Sale of Morrison Utility Services
Our attorneys advised Bregal Capital and Motion Equity Partners on the sale of their portfolio company Morrison Utility Services to First Reserve, a private equity and infrastructure investment firm exclusively focused on energy and utilities for an undisclosed sum.
MUS is one of the UK’s leading providers of infrastructure services to utilities, operating in the electricity, gas, water and telecommunication sectors. Operating under long-term contracts, and with nearly 4,000 direct employees, MUS ensures that utilities’ infrastructure assets are continuously maintained, enhanced, expanded and renewed.
Bregal Capital and Motion Equity Partners acquired MUS in March 2008 and, investing alongside company management, established the business as a utility market leader in all its key sectors and successfully grew revenues to over £600 million.