Monday, April 29, 2024

Palatine-backed CTS Group strengthens with geo-environmental deal

Palatine-backed CTS Group has acquired the geo-technical and geo-environmental specialist In Situ Site Investigation Limited, the latest of nine acquisitions that have given the technical consulting firm a leading position in testing infrastructure materials, surveying and monitoring services.

With headquarters in St Leonards-on-sea, East Sussex, In Situ Site Investigation employs 37 staff and operates internationally across many locations. The company is a well-established ground investigation services business founded in 2008 by Managing Director Darren Ward. It has grown strongly over the years based on a strong client focus, enabling them to branch out into other areas of Cone Penetration Testing (CPT) as well as Pressuremeters such as Self Boring Pressuremeters (SBPs), High Pressure Dilatometers (HPDs), Ménard Pressuremeter tests and Cone Pressuremeter testing.

Phil Coles, Chief Executive at Leicester-headquartered CTS Group, said: “With this latest acquisition, we are creating a premier infrastructure testing, consulting, inspection and compliance company and I’m delighted to welcome the In Situ Site Investigation team to the CTS Group.

“In Situ Site Investigation is an extraordinary company with a fantastic service offering and team, an incredible reputation and we are thrilled that they are joining the CTS Group. Continuing to grow our capabilities and expand our portfolio whilst at the same time growing and further strengthening our client relationships across our business is critical to our ongoing success and is at the very heart of our strategy.

“This acquisition complements the previous deals announced over the past two years and reinforces our commitment to growth through attracting complimentary businesses and market leading talent.”

Darren Ward, Managing Director at In Situ Site Investigation Limited, said“Today marks the beginning of an exciting new chapter for In Situ Site Investigation, one where we will be able to accelerate our vision of providing quality site investigation services whilst maintaining our good, friendly customer service and continuing to deliver on our clients’ requirements. 

“I’m delighted to be continuing to support the future growth of the combined business and integration process. Our existing clients will be able to benefit from CTS’s extensive experience and knowledge within the testing, inspection and compliance industry.”

Tom Hustler, investment director at Palatine, said: “Since we invested in CTS in 2018 we have successfully supported the management team in implementing a Buy and Build strategy to accelerate growth and amplify the many and varied qualities within the business.

“This transaction, CTS’s second acquisition within a week, represents our continued commitment to broadening CTS’s geographical coverage, as well as diversifying the group’s infrastructure services offering, in a bid to align a fragmented marketplace.”

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