Announced
Completed
Financials
Tags
Construction Services
Completed
Private Equity
Test Inspection and Certification (TIC)
Majority
Acquisition
Private
Domestic
construction services
laboratory services
Single Bidder
United Kingdom
Friendly
testing inspection and certification
Synopsis
Oakley Capital, a private equity firm, completed the acquisition of CTS Group, a provider of on-site testing and laboratory services to the construction industry, from Palatine, a private equity firm. Financial terms were not disclosed. “Our time under Palatine ownership proved highly successful for CTS through both organic growth and acquisitions and the opportunity to continue that as part of a larger, successful and ambitious group as Phenna is fantastic news for the whole business," Phil Coles, CTS Group CEO.
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