PAI Partners-backed M Group Services to acquire infrastructure services business of Skanska for £50m.

PAI Partners-backed M Group Services, a provider of services to essential infrastructure markets in the UK, agreed to acquire infrastructure services business of Skanska for £50m ($67m). The divestment is anticipated to be completed, and the transaction expected to be recognized, by the end of the first quarter 2021. “Strategic acquisitions are a core part of our strategy as we continue to enhance the scope of capability across our sector focused divisions. Skanska’s infrastructure services business has earned a strong reputation within the transport sector due to its consistent, quality delivery and innovative solutions which has led to strong and longstanding relationships being established with many local authority clients including Hampshire County Council, Oxfordshire County Council, Devon County Council and Cambridgeshire County Council in addition to the likes of Transport for London,” Jim Arnold, M Group Services Chief Executive.