Warburg Pincus has agreed to acquire UK utility and infrastructure services provider Network Plus from OMERS Private Equity and other shareholders, further expanding its European infrastructure and energy transition portfolio, according to a report by Pulse 2.0. Financial terms of the transaction were not disclosed.
Founded in 2000 and headquartered in Worsley, Greater Manchester, Network Plus provides maintenance, enhancement and operational services across the water, wastewater, gas, power and broader infrastructure sectors. The company works with major UK utility providers to support investment in and operation of critical infrastructure and operates from more than 95 regional depots and satellite offices across the UK.
Warburg Pincus said the investment will support Network Plus’ next phase of growth and strengthen its position within the UK’s infrastructure sector. Following completion, the company’s existing leadership team and brand will remain in place, with no changes expected to day-to-day operations or client service.
The acquisition is aligned with Warburg Pincus’ strategy of building business services and energy transition platforms across Europe. The transaction remains subject to customary regulatory approvals.
OMERS Private Equity said Network Plus had strengthened significantly during its ownership and is well positioned for its next stage of growth under Warburg Pincus.
