Munnelly Group PLC has today announced the acquisition of MacRail Systems Limited from Ian and Erica McFetridge for an undisclosed sum. MacRail provide a wide range of on-site rail management services which supports Munnelly Group PLC growth plans and expansion into the rail and civil engineering industry.
MacRail is the leading provider of rail site access control and reporting services within the UK. Based in the South West of England, MacRail offer expertise in the real-time management of engineering works through its use of innovative IT solutions and technology. Their primary focus is to monitor and improve the productivity and safety of on-site workers through the collation of data and information. Using their bespoke reporting software clients have access to an online suite of reports, schedules and personnel registers that provide a real-time status of their work-site 24/7.
“MacRail provides an exciting opportunity for Munnelly Group PLC, their unique service offering and expertise within the sector fully aligns with the growth and expansion aspirations of the group. They are clear market leaders within the industry with an innovative approach to engineering site management. Being part of the Munnelly Group PLC will allow us to further develop the MacRail brand and service and enhance the industry’s ability to monitor and manage on-site personnel.” Phil Munnelly, Chief Executive Officer Munnelly Group PLC
Ian McFetridge commented on the acquisition adding “This is an exciting opportunity for MacRail to take the next step in its growth and development as a truly innovative company. The support and potential opportunities presented by the Munnelly Group will enhance current business and create the ability for this company to grow beyond anything I could ever have imagined. Although we will continue to support MacRail and Munnellys, Erica and I are thrilled to announce our retirement, albeit shadowed with sorrow at the loss of our dear friend and advisor, Geoff Cole late on in the process.”
Munnelly Group PLC was assisted by international law firm DWF LLP. Munnelly Group PLC would also like to recognise and commemorate Managing Partner Geoff Cole, of Burton Sweet Chartered Accountants (representing Ian and Erica McFetridge), who sadly passed away prior to completion.
The acquisition of MacRail is the fourth acquisition for the Munnelly Group PLC this calendar year and reinforces their vision for growth within the construction and infrastructure sectors. MacRail will be governed by the Munnelly Group PLC Board of Directors but will operate as a separate company within the group."