Private equity firm PAI Partners is to acquire a majority stake in Infra Group, a multi-disciplinary network infrastructure services provider, joining current investors ICG, Andera Partners and the management team led by Tom Vendelmans.
Headquartered in Belgium, Infra Group offers a one-stop-shop range of services from design, engineering and installation to maintenance of essential infrastructure in electricity, water & sewage, telecoms, gas & district heating and green spaces.
Infra Group provides infrastructure services across Belgium, Germany, the Netherlands and France, and has over €750m annual revenues and more than 3,000 highly skilled technical staff.
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PAI’s investment will support Infra Group and its management team as they continue to deliver the group’s growth strategy. In particular, PAI says its expertise in infrastructure and technical services will further strengthen the company’s position and accelerate its expansion organically and through further complementary acquisitions.
Completion of the deal is subject to customary regulatory approvals.
Source: Private Equity Wire
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