Sunday, January 17, 2021

Castle Donington’s CET Infrastructure acquires Surrey firm

CET Infrastructure, the Castle Donington-headquartered provider of specialist geotechnical, environmental and materials testing services to the construction and engineering sector, has continued its buy-and-build growth strategy with the acquisition of Card Geotechnics Limited (CGL).

The acquisition of Surrey-based CGL, for an undisclosed sum, is the third bolt-on acquisition since leading mid-market investor Palatine Private Equity took a majority stake in CET Group in November 2018.

CGL, which has more than 65 employees based across a network of seven regional offices, is the largest independent specialist geotechnical and geo-environmental consultancy in the UK and Ireland with clients in residential, commercial and public sectors.

The acquisition, the company’s largest to date, will take annual revenues at CET Infrastructure to over £30m, and also significantly broadens the breadth and depth of the technical services it offers to customers.

Peter Eglinton, CEO, CET Group, said: “We are delighted to welcome the team at CGL to CET and excited about the range of skills and services that we can now offer. From the first time we met the team at CGL, we knew that we had a very similar focus around developing our staff and delivering for our customers.”

Tom Hustler, Investment Manager at Palatine Private Equity said: “We’re pleased to support CET with their continued buy and build growth strategy. The business has continued to perform strongly through the uncertainty caused by Covid-19, which is testament to the hard work of the management team.

“The acquisition of a CGL, which has a great reputation in the marketplace, brings additional talent, technical capability and geographical reach to the group and demonstrates our continued appetite to support their growing business.

“We look forward to 2021 with confidence with further growth and acquisitions in the pipeline.”

Debt finance for acquisition was provided by the Birmingham office of Clydesdale Yorkshire Bank, led by Ian Howey and Sunil Prabhaker. Financial Due Diligence was provided by Grant Thornton’s Midlands team, while legal advice was provided by Gareth Davies and Ryan Brown at Browne Jacobson.

CET Group comprises two divisions, CET Infrastructure and CET Property Assurance, which looks after the Home Emergency policies for 1 in 4 UK properties on behalf of a number of leading insurers.

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemic having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £33.60 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.






Latest news

Derby recruitment firm to open three new offices

Sky Recruitment Solutions is to open three new UK offices following a “phenomenal” growth in turnover and staff numbers during 2020. The company, based in...

Supreme Court rules in favour of small business claims against commercial insurers

In good news for small firms, a Supreme Court ruling will see thousands have their disputed COVID-19 business interruption claims paid. It is expected that these...

New warehousing facility set for the East Midlands as Mars looks to reduce logistics carbon footprint

A new, multi-year partnership between Mars and DHL will see the construction of two state of the art warehousing facilities and the creation of...

Preventative healthcare specialist completes double acquisition of Lincs companies

Preventative healthcare specialist PAM Group has completed a double acquisition as it continues its buy-and-build strategy. The Warrington-based group has bought 66Fit and Physio Supplies...

Private equity fund swoops for Corby fruit supplier

Elaghmore, the UK Private Equity fund, has acquired Corby-based Orchard House Foods Ltd, the suppliers of prepared fruit, fresh fruit drinks and desserts, from...

Related news

Two tenants secure premises at Lutterworth business park

Two new tenants have secured premises at Cosford Business Park in Lutterworth. Wells McFarlane has recently completed two transactions which will see expansion for Deacons Martial...

Derby recruitment firm to open three new offices

Sky Recruitment Solutions is to open three new UK offices following a “phenomenal” growth in turnover and staff numbers during 2020. The company, based in...

Supreme Court rules in favour of small business claims against commercial insurers

In good news for small firms, a Supreme Court ruling will see thousands have their disputed COVID-19 business interruption claims paid. It is expected that these...

New warehousing facility set for the East Midlands as Mars looks to reduce logistics carbon footprint

A new, multi-year partnership between Mars and DHL will see the construction of two state of the art warehousing facilities and the creation of...

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close