Thu, 03 Oct 2019 | BUSINESS SALE
Phenna Group, a Nottingham-based group of businesses operating in the TICC – testing, inspection, certification and compliance – sector, has successfully taken over Group Management Electrical Surveys (GMES).
GMES, which is headquartered in Ripponden, caters to international blue-chip clients by providing a range of electrical services. Its acquisition is Phenna Group’s fifth since it was formed less than a year ago, with the aim of broadening its portfolio to include a wider range of services.
GMES’ managing director, Steve Cressey, is expected to stay on in his current role to support Phenna Group’s management team.
Cressey said: “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.
“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.”
The chief executive of Phenna Group, Paul Barry, commented: “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.”
Benchmark International and Schofield Sweeney provided GMES with support, whilst Avonhurst and Johnston Carmichael advised Phenna Group.
well known garage in Liverpool. Established since 1978. This is a retirement sale. Offers invited.
Established 10 years. Six vehicles included in sale. Open 5 days a week. Offers invited.
RELOCATABLE
Specialises in commercial landscaping, maintenance, restoration and ecology services. Has won multiple awards throughout its time in operation. Embraces works of all sizes and complexities, undertaking a diverse range of projects and working to ensur...
LEASEHOLD
|
12
|
|
Dec
|
Appello acquires Mevivo Careline | BUSINESS SALE
Living solutions provider Appello has acquired telecare and ...
|
11
|
|
Dec
|
PiggyBank owner enters administration | ADMINISTRATION
DJS Limited, the parent company of payday lender PiggyBank, ...
|
10
|
|
Dec
|
MBO at Derby rail sector recruiter | MBO/MBI
There has been a seven-figure management buyout (MBO) at Der...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources