Headquartered in Nottingham, Phenna Group, continues its ambitious buy and build strategy within the highly fragmented TICC sector by acquiring ACS Group of Companies Ltd (ACS). ACS represents the sixth acquisition made by Phenna Group, in just over 12 months. Phenna Group is supported by CVC Credit Partners who have committed capital to complete near term acquisition opportunities.
Based in Poole, Dorset, ACS was formed in 1987 and for over 30 years has been providing specialist site and laboratory testing (both physical properties and chemical) to the Building, Construction, Civil Engineering and Waste Industries. The range of materials tested include natural and recycled aggregates, fresh and hardened concretes, soils, stabilised materials, bituminous materials, natural stones and waters, through its wide scope of UKAS accredited services.
Mike Drew, Managing Director of ACS will continue in his current role, alongside the company’s very experienced management team and highly skilled workforce.
“I’m very excited to join Phenna Group. The company has wide ranging experience in the TICC sector and demonstrated close understanding and support of our business and growth plans.” Mike said. “From the start of my discussions with Phenna Group, it was obvious that we were dealing with a highly supportive partner who shared our ambitions and who would give us the backing to achieve our goals. They have been easy to deal with throughout the process and I’m very excited about what the future holds.”
Paul Barry, Group CEO of Phenna Group said: “I’m delighted that Mike and the ACS team have joined Phenna Group. The company fits closely with our strategy of creating a differentiated group of niche TICC businesses and has close customer and market synergies with our other portfolio company, Professional Soils Laboratory, based in Doncaster. I’m excited to work with Mike and his team to deliver their ambitious growth plans”
Phenna Group were advised by Avonhurst (London) and Johnston Carmichael, Edinburgh. ACS was advised by Hart Brown Solicitors and Ward Williams Chartered Accountants.
For further information on Phenna Group please visit: www.phennagroup.com
For further information on ACS, please visit: www.acsgroupofcompanies.co.uk