Oakley Capital completed the acquisition of CTS Group from Palatine.

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.