LM Gruppen A/S has been acquired by Infra Group

Full-service utility contractor LM Gruppen A/S has been sold to Infra Group, a portfolio company of PAI Partners, ICG and Andera Partners.

LM Gruppen is a Danish utility contractor serving multiple geographies and sectors, with a focus on fiber, district heating and power. The company provides a comprehensive, end-to-end service offering and is known for its excellent delivery quality, speed and transparency throughout all project phases, enabled by a highly digitalized setup and a uniquely efficient operating model.

Infra Group is a portfolio company of PAI Partners, ICG and Andera Partners. It is a multidisciplinary group of companies dedicated to underground and overhead infrastructure works. Headquartered in Temse, Belgium, the group operates in multiple European countries. Infra Group specializes in earthworks and the construction, upgrading and maintenance of distribution and transportation networks for electricity, telecommunications/IT and data, water, liquids and gases.

Oaklins’ team in Denmark was engaged as the exclusive financial advisor to the seller in this transaction. Oaklins’ Belgian team played a key role by introducing the buyer, leveraging their extensive network to find a strong strategic partner.