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.
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