Acquisition History / GenusPlus Group Limited / MPC Kinetic Holdings Pty Ltd
GenusPlus Group Limited Acquires MPC Kinetic Holdings Pty Ltd
Announced May 18, 2026 — $264M
What happened
MPC Kinetic is a leading provider of gas gathering and well maintenance services to Tier 1 customers in the Queensland onshore gas sector, plus construction services for renewable energy, expected to generate FY26 revenue of A$547M and EBITDA of A$116M. ASX-listed GenusPlus Group agreed to acquire 100% for up to A$400M, with completion indicatively anticipated for 1 July 2026.
- Acquirer
- GenusPlus Group Limited
- Target
- MPC Kinetic Holdings Pty Ltd
- Announced
- May 18, 2026
- Price
- $264M
- Industry
- Gas gathering, well maintenance and energy infrastructure services
- Buyer type
- Strategic acquirer
- Status
- Announced, not yet closed
By the numbers
Frequently Asked Questions About This Acquisition
When did GenusPlus Group Limited acquire MPC Kinetic Holdings Pty Ltd?
GenusPlus Group Limited acquired MPC Kinetic Holdings Pty Ltd on May 18, 2026. This was GenusPlus Group Limited's 1st publicly tracked acquisition out of 1 we have on record.
How much did GenusPlus Group Limited pay for MPC Kinetic Holdings Pty Ltd?
GenusPlus Group Limited paid $264M for MPC Kinetic Holdings Pty Ltd.
What does MPC Kinetic Holdings Pty Ltd do?
MPC Kinetic is a leading provider of gas gathering and well maintenance services to Tier 1 customers in the Queensland onshore gas sector, plus construction services for renewable energy, expected to generate FY26 revenue of A$547M and EBITDA of A$116M. ASX-listed GenusPlus Group agreed to acquire 100% for up to A$400M, with completion indicatively anticipated for 1 July 2026.
What other Gas gathering, well maintenance and energy infrastructure services companies has GenusPlus Group Limited acquired?
MPC Kinetic Holdings Pty Ltd is GenusPlus Group Limited's only publicly tracked acquisition in Gas gathering, well maintenance and energy infrastructure services so far.