Warburg Pincus has agreed to acquire Network Plus, a UK utility and infrastructure services provider, from OMERS Private Equity and other shareholders. The deal places a company founded in 2000 and headquartered in Worsley, Greater Manchester, into the private equity firm's expanding European services portfolio. Network Plus delivers essential maintenance and operational services across water, wastewater, gas, and power sectors for Britain's major utility operators.

The business operates in a defensive, demand-led niche underpinned by regulated investment cycles and non-discretionary spending. Warburg Pincus managing director James O'Gara described the target as a leading service provider with an exceptional customer base, noting the firm's energy transition expertise and UK market knowledge would make Network Plus a cornerstone of its European services strategy. The private equity group has invested across Europe for more than four decades.

For OMERS, the sale concludes a successful holding period. Michael Block, head of private capital at the Canadian pension investor, said the business had grown and strengthened under chief executive Kevin Fowlie since OMERS invested. Fowlie and the existing leadership team will remain in place, retaining the current branding. The transaction underscores continued private equity appetite for regulated UK infrastructure services.