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Announced

Completed

Phenna Group completed the acquisition of Facit Testing.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Domestic

Private

Single Bidder

Completed

Mechanical and Electrical Maintenance

United Kingdom

Acquisition

Friendly

electricians

testing inspection and certification

Synopsis

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Phenna Group, a specialist businesses focused on the testing, inspection, certification, and compliance solutions, completed the acquisition of Facit Testing, a specialist electrical services provider. Financial terms were not disclosed. “I am hugely excited to be joining the Phenna Group and look forward to working with Paul and his team to drive the future growth of the company. Since deciding to seek a partner, it was obvious from the first meeting with Phenna Group that they shared our vision for the business. They have remained professional and easy to deal with throughout the process and I look forward to developing our relationship and expanding the business over the next few years," Brian Impleton, Facit Managing Director.

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