Headquartered in Nottingham, Phenna Group continues its ambitious buy and build strategy by acquiring Group Management Electrical Surveys Ltd (GMES). GMES represents the fifth acquisition made by Phenna Group, since it was formed less than 12 months ago. Phenna Group is supported by CVC Credit Partners who have committed capital to complete near term acquisition opportunities.
GMES, based in Ripponden (Yorkshire), was formed in 1990 and for over 25 years has been providing specialist electrical services to International Blue Chip clients. It concentrates on delivering independent electrical inspection and testing services in line with BS7671and IET Guidance Note 3 for all types of new build electrical installations, in addition to thermal imaging surveys and electrical installation condition reports.
Steve Cressey, Managing Director of GMES will continue in his current role, alongside the company’s very experienced management team and highly skilled workforce.
“I am delighted to join the Phenna Group portfolio of companies. The company has excellent credentials in the TICC sector and demonstrated close alignment with our values and entrepreneurial spirit” Steve said. “Selecting the right partner who shared our ambitions for growth, who would give us the support and backing to achieve these goals was key and I firmly believe Phenna Group will deliver exactly that. I’m very excited about the future.”
Paul Barry, Group CEO of Phenna Group said:
“I’m delighted that Steve and his team have joined our 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, Building Envelope Technologies Ltd. I’m looking forward to working with Steve and his team to deliver their ambitious growth plans”
Phenna Group were advised by Avonhurst, London and Johnston Carmichael, Edinburgh. GMES was advised by Benchmark International and Schofield Sweeney, Huddersfield.