Testing, Inspection, Certification & Compliance (TICC) Services specialist Phenna Group has acquired Building Envelope Technologies Ltd (BET).
Headquartered in Nottingham, UK, Phenna Groups’ aim is to invest in and partner with selected niche, independent TICC companies that serve a variety of sectors, ensuring customers’ peace of mind by delivering first class assurance services. This is the fourth 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.
BET was formed in 2001 and is an accredited ISO: 17025 testing laboratory, based in Co Wexford, Ireland. Since then, BET has built a strong reputation as one of Ireland’s leading providers of building airtightness testing, acoustic performance testing of buildings, weather performance testing on building façade systems and building defect analysis in Ireland.
Brian Shannon, Managing Director of BET will continue in his current role, alongside the company’s very experienced management team and highly skilled, qualified workforce.
“I am hugely excited to be joining Paul and his team at Phenna Group. Since, I first considered bringing in a partner, I was impressed by Phenna’s vast experience in the TICC sector. They made me feel at ease and were very supportive of my plans and ambitions to grow BET.” Mr Shannon said. “It was obvious from the start that we had a shared vision for the future development of BET and the expansion of its services into international markets. I look forward to many successful years ahead”.
Paul Barry, Group CEO of Phenna Group said: “I’m delighted that Brian has agreed to join the Phenna Group portfolio of companies. The company fits closely with our strategy of creating a differentiated group of niche TICC businesses, with a global footprint. I’m looking forward to working with Brian and his team to support delivery of their ambitious growth plans”.
Phenna Group were advised by MJ Hudson, London and Eversheds, Dublin. BET was advised by IBI Corporate Finance and Beauchamps, Dublin.
For further information on Phenna Group please visit: www.phennagroup.com
For further information on BET, please visit: www.betechnologies.ie