Ontario Construction News staff writer
York Group of Companies, a provider of environmental and infrastructure services, has acquired Toronto-based MCS Group, enhancing their portfolio of services to include hydro excavation, CCTV sewer inspection and flushing, directional drilling, detailed excavation and site services.
Founded in 2003 and specializing in hydrovac excavation throughout the GTA and surrounding areas, MCS Group quickly expanded into a multi-faceted environmental and infrastructure service provider delivered through MCS, Advance Underground, Terex Drilling and North River Construction Inc.
“We are thrilled to have the opportunity to continue to grow our environmental and infrastructure businesses with a team that shares the same values in building trusted relationships through service excellence,” said Brian Brunetti, York president & chief operating officer. “MCS Group has a customer-first culture, an exceptional management team, and a strong presence in the industry.”
In January 2021, Fengate Asset Management (“Fengate”) completed an investment in York on behalf of the LiUNA Pension Fund of Central and Eastern Canada. The partnership with York, Fengate and LPFCEC provided growth capital to continue to execute on a robust pipeline of M&A opportunities, and this strategic acquisition marks the first example of such growth.
“MCS Group is excited about joining the York team. This combination will allow for continued advancement while broadening our areas of expertise. We are proud of the success our team has made over the years and are excited about the opportunities that lie ahead,” says Gennaro Musto, founder and CEO of MCS Group.
The partnership will allow York to offer environmental and infrastructure customers an integrated service portfolio consisting of demolition, excavation, shoring and foundations, hydrovac excavation, sewer and watermain, directional drilling and detailed excavation services.
Canadian-based York Group of Companies has worked in the environmental and infrastructure industry for over 55 years, providing bulk excavation, demolition, shoring and foundations, environmental remediation, contaminated soil treatment and transfer, and waste collection and transfer for some of the largest infrastructure, commercial and residential projects in Ontario.
Fengate is a leading alternative investment manager, with over $4.5 billion of capital commitments under management, focused on infrastructure, private equity, and real estate strategies with offices in Toronto and Oakville, Ontario, and Houston, Texas.