Nottingham-headquartered Phenna Group has made its 13th deal of 2023, acquiring Australian Soil and Concrete Testing (ASCT).
The transaction provides geographic extension to Phenna Group’s current Infrastructure platform whilst augmenting its growing presence in the Australian Testing, Inspection, Certification and Compliance (TICC) market.
ASCT was formed in 2014 and is a NATA accredited geotechnical testing company that offers soil testing, concrete testing, and other related services to the Australian construction and infrastructure market.
They provide a range of testing services, including soil classification, compaction testing, soil strength testing, and site classification assessments, operating from multiple locations across Queensland, through New South Wales and into Victoria with a proven track record in the delivery of major projects.
Patrick Paynter, ASCT director, said: “The ASCT team and I are genuinely excited to be joining Phenna Group. This was clearly a strategically important decision for the business and from my our first dealings with the Phenna Group team, it became obvious that their culture and differentiated business model would provide a great home for ASCT.
“I believe we have a very strong future together and look forward to working with Paul, Brett and their teams to expand the company.”
Brett Coleman, regional MD, Australia, said: “It is hugely exciting to welcome Patrick and his team to Phenna Group. They have built an excellent brand and reputation within the Australian construction and infrastructure space and I look forward to helping that high growth journey continue.”
Paul Barry, Group CEO of Phenna Group, added: “I am delighted to welcome Patrick and his team to Phenna Group. The addition of ASCT really augments our fast growing Infrastructure platform.
“Their experienced team and wide network of labs and clients provide a fantastic market entry position for us in the Australian market. I look forward to working with Brett, Patrick and their wider team to continue their exciting growth plans.”
Phenna Group were advised by Macpherson Kelley and Pitchers Partners.
ASCT were advised by Pitcher Partners and Nicholas Black.
