Macquarie Capital Principal Finance is investing an undisclosed sum in Matrix Networks Group, a provider of specialist utility infrastructure in the UK.
Macquarie said it will partner with the company to provide growth capital and expertise to expand its operations providing gas, electricity and water installations, as well as connection asset ownership.
Rob Sparkes, managing director at Matrix Networks Group, said: “The investment in our business by Macquarie is extremely good news for our customers and staff.
“It will enable us to accelerate our growth plans, expand our specialist asset adoption programme and capture more of the opportunities we see opening up in the utility infrastructure industry.”
Andrew Gray, a managing director at Macquarie Capital Principal Finance, said: “The flexible capital we are providing through our investment, will ensure that the business can achieve its ambitions for the next phase of growth in the UK connections market.
“The investment leverages our experience in the sector, and we look forward to supporting the Matrix management team.”
Hamish Jones, a senior managing director at Macquarie Capital Principal Finance, said: “This transaction represents an attractive opportunity to provide strategic financial support to Matrix which will be used to increase its’ delivery of specialist connections across the country.
“We look forward to supporting management to realise the potential of the business in the coming years.”
