Mon, 29 Jun 2026 | BUSINESS SALE
Major UK utility and infrastructure services provider Network Plus has been acquired by New York private equity firm Warburg Pincus. According to Warburg Pincus, the acquisition will serve as a “cornerstone” for the services portfolio that the firm is building in Europe.
Network Plus, which was founded in 2000 and is headquartered in Worsley, Greater Manchester, generates turnover of more than £580 million. The firm provides essential maintenance, enhancement and operational services to the water, wastewater, gas, power and broader infrastructure sectors.
Following Warbug Pincus’ acquisition of the firm from OMERS Private Equity, Network Plus’ leadership team and branding is set to remain in place.
Network Plus Chief Executive Kevin Fowlie said that the firm’s partnership with OMERS had been “instrumental” in its growth, strengthening the company’s operations, deepening client relationships and building momentum across the business.
Fowlie continued: "Warburg Pincus shares our vision and ambition for the business; delivering essential services to our clients and their customers at a time where investment in UK infrastructure has never been so important.”
"They are committed to enhancing our service offering and capabilities, which will in turn ensure that we deliver greater value and levels of service to our customers, whilst providing our employees the opportunity to grow."
James O'Gara, Managing Director and partner at Warburg Pincus, commented: "Network Plus is a leading service provider to UK infrastructure with an exceptional customer base and management team.”
"The combination of our energy transition and infrastructure services expertise, UK market knowledge and broader European franchise gives us a unique ability to support businesses like this, and Network Plus will be a cornerstone of the services portfolio we are building in Europe."
Michael Block, head of private capital at OMERS, said: "Network Plus plays an important role in delivering services that communities depend on.”
"Since OMERS investment, the business has grown and strengthened under Kevin Fowlie's leadership, while continuing to build on its track record of safe, reliable delivery. The company is well positioned for its next chapter, continuing to support customers and communities."
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