Personal equity-backed Leicester agency snaps up Sheffield consultancy
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Private equity-backed Construction Testing Solutions (CTS), a Leicester provider of construction consulting and testing services, has acquired Silkstone Environmental Limited (SEL), a multidisciplinary consulting firm specializing in the planning and approval of minerals and waste management, site surveys and environmental monitoring specializes in and surveying.
Silkstone Environmental, based in Sheffield, has 12 employees and operates across the UK.
The deal follows the acquisition of CGL by CTS in November 2020 and the Nicholls Colton Group in February 2021.
The acquisition of Silkstone will allow CTS to expand its existing capabilities and further strengthen its offering by expanding its environmental, landfill, quarry monitoring and permit planning advisory capabilities.
Phil Coles, CTS Chief Executive Officer, said, “This latest acquisition supports our overall growth strategy and our focus on delivering market-leading construction testing solutions to our customers.
“It further strengthens our position in the UK construction inspection and environmental monitoring markets and offers numerous synergies and opportunities that will benefit both CTS, SEL and our customers.
“Both I and the company are excited to work with Mark and Jill Barrett and welcome the Silkstone team to the CTS Group. Our business areas are stronger together, bring more performance and scalability to our existing offerings and offer significant future growth opportunities. This acquisition complements the deals announced by CGL and Nicholls Colton in November and February, respectively, and reaffirms our commitment to growth to bring market-leading talent and skills to our business. “
The former owner and general manager of Silkstone, Mark Barrett, will remain with the company.
With headquarters in Leicester and a nationwide network of 16 laboratories and offices, it offers a wide range of construction consulting and testing services. CTS supports all sectors of the construction market including residential, commercial, rail, road, airports, tunneling, mining and utilities, as well as the rehabilitation of brownfield sites.
Tom Hustler, Investment Manager at Palatine Private Equity, said, “Silkstone has an excellent reputation in the marketplace and will deepen and expand the capabilities of CTS in line with its growth strategy. It is fantastic to be able to support another acquisition as we work with Phil and the management team to build an industry leading nationwide construction inspection business. ”
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