Obsequio Group continues buy-and-build strategy with deal for Environtec

Obsequio Group has continued its buy-and-build strategy with the acquisition of UKAS-accredited Environtec Ltd.

Leicester-based Obsequio Group, backed by Beech Tree Private Equity, is a provider of mission-critical fire detection, safety, security and water hygiene services. It covers business parks through to leisure centres, nurseries to secondary schools and from country estates to housing estates. It has revenues of around £21 million.

Environtec’s compliance services cover asbestos testing and management to water risk assessments and fire safety. It was founded in 1994 and works with government departments, NHS trusts, schools and universities.
Environtec is a UKAS-accredited Inspection Body and Testing Laboratory, a member of the United Kingdom Asbestos Training Association (UKATA) and an affiliate member of the British Occupational Hygiene Society (BOHS).

Its asbestos services, which include asbestos surveys and management, operate in accordance with the strict ISO 9001 quality management system.

Environtec is headquartered in Chelmsford, Essex, and its 215 employees operate from five locations across England, Scotland and Wales, with other offices in Mansfield, Newcastle, Newport in Wales and Hamilton in Scotland. It has revenues of around £12 million.

Obsequio said as well as opening up an important new compliance stream for existing clients, the purchase will enable it to offer its one-stop-shop portfolio of compliance services to Environtec’s extensive national client list.
It will also further expand the group’s geographical reach, with the addition of its first office in Scotland.

“The acquisition will add further weight to Obsequio Group’s growing reputation as the first port of call for compliance services for many of the UK’s largest public sector bodies, NHS trusts, universities, housing associations, blue chip companies, facilities management specialists and industrial organisations,” it said.

Three of Environtec’s existing shareholders – Paul Shaw, Dan McGuire, and Ricci Price – will remain with the business, with a fourth, Matthew Dennis, stepping down.

Obsequio group M&A director Philip Sarthou said: “As well as sharing the same vision and ethos as the wider group, its addition to our stable will add new compliance capabilities to the business and build on our expanding water hygiene expertise. It enables us to offer a cost-effective, high-quality and timesaving one-stop-shop for fire, security, water, energy, air quality, asbestos, environmental compliance and electrical safety to a broader client base.”

Obsequio group chairman Simon Cashmore added: “This acquisition is the latest step in our committed buy-and-build strategy to widen our geographical reach, expand the range of sectors we support and increase the number of compliance services we offer.”

Beech Tree Private Equity director Ben Cartwright said: “The addition of Environtec is the latest chapter in helping Obsequio achieve its aim to be the leading multi-disciplinary compliance services provider in the UK. We plan to add further complementary services to the Group over the coming months.”

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