Multinational law firm Pinsent Masons has advised M Group Services on the purchase of AgilityEco
Private equity owned M Group Services is a leading provider of essential infrastructure services to the water, energy, transport and telecommunication sectors across the UK and Ireland, working with many of the UK’s largest infrastructure companies in over 200 locations across the UK.
Surrey-based AgilityEco is a managing agent specialising in energy efficiency advice.
This acquisition will allow M Group Services to expand its offering to its existing energy retail and local authority clients, enabling them to meet their regulatory obligations and supporting the delivery of their ambitious decarbonisation agendas.
AgilityEco, a B-Corp organisation, works with energy providers, local authorities and other commercial organisations, providing home decarbonisation services at scale to deliver energy efficiency, reduce utility bills, alleviate pressure on household finances and support vulnerable customers. The Company supports the transition to greener homes, helping to meet the UK’s net zero target.
The Pinsent Masons team acting on the transaction was led by Tom Leman, a partner in the corporate team, assisted by Josh Willis (Senior Associate), Emma Dawe (Senior Associate), Rebecca Shenkin (Associate), Thomas Lane (Associate) and Fatima Khan (Associate). In addition to the corporate team, Pinsent Masons was able to provide specialist advice in a number of additional areas, including commercial advice specifically focussed on the energy sector, tax structuring advice and advice on employee reward schemes.
Commenting on the deal Tom Leman said:
“This is the latest of a number of acquisitions that we have supported M Group Services on since the investment by PAI Partners in July 2018. We are delighted to be able to work with the M Group Services team again to deliver this acquisition, drawing on our strong M&A expertise as well as the wealth of energy-sector specific expertise that Pinsent Masons has at its disposal in the context of the UK’s net zero strategy.”