Agreement to Sell MPC Kinetic to GenusPlus Group
Brisbane, Australia – May 2026 – SCF Partners is pleased to announce its agreement to sell MPC Kinetic (“MPK”) to GenusPlus Group (“Genus”).
Created in 2018, through the merger of Kinetic Energy Services and MPC, MPK is a is a leading provider of gas gathering and well maintenance services to Tier 1 customers in the Queensland onshore gas sector, as well as construction services for renewable energy and major pipeline projects in Australia. Genus is an ASX-listed specialist power and communications infrastructure and services provider operating across Australia. With Genus’ support MPK will be ideally positioned to continue delivering and maintaining critical gas infrastructure and building the renewable generation infrastructure to support Australia’s energy transition. Under the agreed acquisition the MPK team will transition across to Genus and MPK will continue to be led by CEO, Adam Machon.
The agreed transaction is at a headline valuation of A$400 million and remains subject to customary conditions. Headquartered in Brisbane, Australia, MPK is included in SCF’s portfolio of Fund VII and VIII investments.
Andy Waite, Chairman of MPK and Managing Partner of SCF Partners, stated, “We have partnered with a fantastic group of people over the course of our investment, and we are extremely grateful to the management team for their hard work and perseverance which has brought us to this point. Adam, and his team have done a truly incredible job in building MPK into the company it is today and everyone at the company should be extremely proud of their efforts. We are excited to see MPK flourish as part of the GenusPlus Group and wish the teams at both the companies all the best for their exciting future.”
Adam Machon, CEO of MPK, said, “In partnership with SCF, MPK has grown significantly and is a recognised leader in the sectors we work in. The acquisition by Genus is a significant milestone, positioning the business to grow from a position of strength, deliver for our valuable client base and continue to enhance our reputation for safety and service quality. MPK works for many high-quality clients, and we truly value the benefit of their support.”
MPK was represented by Ernst and Young as financial and tax advisor, and Norton Rose Fullbright as legal counsel.
About MPC Kinetic
MPC Kinetic provides specialised infrastructure and maintenance services to tier-1 clients in the energy and resources sectors across Australia and New Zealand. The business installs gas gathering systems (including civil infrastructure, pipelines and wellhead connections), constructs the civil infrastructure for windfarm and battery storage projects and provides gas well maintenance and production support services. MPK is headquartered in Brisbane, Australia and employs approximately 900 people. https://www.mpckinetic.com/
About GenusPlus Group
Genus, headquartered in Perth, Western Australia, is an ASX-listed specialist provider of power and communications infrastructure services, employing over 1,600 people nationally. The company is a leading provider of specialist power and communications infrastructure and services provider operating across Australia. Genus designs, builds and maintains electrical transmission and distribution networks, substations, rail and battery systems. https://www.genus.com.au/