Browne Jacobson advise CTS Group on acquisition of In Situ testing specialists
Browne Jacobson’s private equity (PE) dealmakers have advised Palatine Private Equity backed CTS Group (Construction Testing Solutions Limited) on its acquisition of In Situ Site Investigation, a market leader in Cone Penetration Testing and Pressuremeter techniques and ground investigation services.
Browne Jacobson’s private equity (PE) dealmakers have advised Palatine Private Equity backed CTS Group (Construction Testing Solutions Limited) on its acquisition of In Situ Site Investigation, a market leader in Cone Penetration Testing and Pressuremeter techniques and ground investigation services.
This latest transaction will support CTS in its ambitions to create a holistic premium construction testing, consulting, inspection and compliance company and further bolsters its testing capabilities.
Leicester based CTS, which has a national UK reach, specialises in the provision of geotechnical consulting, construction materials testing and surveying and monitoring services. The business works with various sectors within the construction market, including commercial, rail, road, residential, airports, tunnelling, mining, and utilities as well as brownfield regeneration.
Award-winning Situ Site Investigation, which is headquartered in St Leonards-on-Sea, East Sussex and has an international operation, was founded in 2008 by Managing Director Darren Ward. The business, which employs 37 people across its various sites has experienced stead growth since its inception. It specialises in the use of Cone Penetration Testing (CPT) techniques including seismic, shear vane, video cone, magnetometer, MiHpt & MOSTAP sampling.
The deal team, which included specialist lawyers from across Browne Jacobson’s Manchester and Birmingham offices, was led by partner, Ryan Brown, with assistance from associate, Harpinder Nahl. Senior associate Rebecca Burge advised on the corporate tax elements of the transaction whilst client relationship partner and PE specialist, Gareth Davies supported the team in the delivery of the transaction. Partner Ian Deakin advised the client on the employment side of the transaction and senior associate Michael Parkinson gave real estate advice.
Ryan Brown added: “We are delighted to have supported CTS in what is now their seventh acquisition in an impressive 18 months. The business is really thriving and has made some fantastic strategic decisions and investments in that 18-month period which are really starting to have a positive impact on the group and its reputation as the UK’s leading geotechnical consultants in the construction industry.
“In Situ Site Investigation have a strong service offering in site testing and are supported by a talented team of specialists. They will be a great addition to the ever-growing CTS portfolio.”
Phil Coles, Chief Executive Officer of CTS said: “In Situ Site Investigation is an extraordinary company with a fantastic service offering and team, an incredible reputation and we are thrilled that they are joining the CTS Group. Continuing to grow our capabilities and expand our portfolio whilst at the same time growing and further strengthening our client relationships across our business is critical to our ongoing success and is at the very heart of our strategy.
“The whole Browne Jacobson team who collaborated on this deal have in their usual way gone the extra mile and delivered an excellent and joined up client experience. They always ensure the advice they give is clear and in line with the current market which really helps to take the pressure off when making important commercial decisions that are going to have a lasting impact on our business.”
Browne Jacobson’s private equity team is part of the firm’s national corporate finance and banking & finance practice. It is made up of over 50 corporate and banking & finance expert lawyers delivering complex layered transactions to a broad client base, which includes UK and international corporates of all sizes - from high growth companies to FTSE 100 companies to institutional investors, as well as advising entrepreneurs and management teams.
Related expertise
You may be interested in...
Press Release
Browne Jacobson advise London borough Councils on key social infrastructure PFI deal for streetlighting in Croydon and Lewisham
In Person Event
'Autonomous vehicles: what the future holds' event
Press Release
Browne Jacobson named ‘Law Firm of the Year’ as it picks up a record four awards at East Midlands Dealmakers
Press Release
Browne Jacobson advise Cubo on investment to support expansion
Press Release
Browne Jacobson advise on Blazehill Capital’s second £250m facility which will support the UK business market
Press Release
Browne Jacobson advises privacy-first ad tech company Covatic on Series A investment led by Manchester based Praetura Ventures
Press Release
Browne Jacobson announces completion of employee acquisition of Two Twenty
Press Release
Browne Jacobson advise on merger of leading UK frozen food wholesalers Hopwells and Windsor Foodservice
Press Release
Browne Jacobson’s North-West banking specialists advise ThinCats on £10m facility to arcade bar operator NQ64
Press Release
Corporate dealmakers advise Sodexo Live! on its move to 100% stake in global sports, travel and hospitality provider STH
Opinion
Mediation – remote or in person?
Press Release
Corporate dealmakers advise Apiary Capital on its on tenth investment into ‘Outstanding’ professional education provider
Press Release
Browne Jacobson act on the sale of UK’s largest tech enabled confectionery distributor and wholesaler IBG
Press Release
Browne Jacobson launches specialist Ascensus programme for in house lawyers and business leaders
Press Release
Browne Jacobson’s Manchester dealmakers advise on sale of asbestos risk management consultancy to AIM listed business
On-Demand
Ascensus – the programme for in-house lawyers and business leaders’ launch event
Press Release
Browne Jacobson advise on strategic sale of cybersecurity firm Nowcomm
Article
Interest from Asia boosts investor confidence in UK commercial real estate
Opinion
Confirmation of ACAS early conciliation in the context of multiple claim forms
Opinion
The UK market offers the best value for commercial real estate
Press Release
Browne Jacobson advises on four transactions for AIM-quoted FinTech business Equals Group plc
Press Release
Browne Jacobson advise Leicestershire based tech compliance specialists Obsequio Group on two key investment deals for build and buy strategy
On-Demand
NSIA: the thorn in the side of M&A?
Press Release
Browne Jacobson’s Manchester dealmakers advise Spatial Global on its acquisition of Heathrow based freight specialist Hollyport Logistics
Legal Update
Product distribution – how to protect yourself from an early exit
Press Release
Browne Jacobson dealmakers advise B Corp certified Edit Agency on its investment into data insight agency Wood for Trees
Opinion
The Solicitors Regulation Authority has approval to take over from the Solicitors Indemnity Fund
Press Release
Browne Jacobson advise on disposal of Sella Controls to HIMA Group
Press Release
Browne Jacobson’s dealmakers advise leading door hardware supplier and manufacturer UAP on its acquisition of Maher London
Opinion
Term-time school worker entitled to national minimum wage for unworked basic hours
Press Release
Browne Jacobson dealmakers announce completion of over 130 deals worth billions in value in 2022 and eye up healthy pipeline for 2023
Legal Update
Banking Transaction Updates - January 2023
Press Release
Browne Jacobson advises Superscript on £45m Series B funding round to transform its SME insurtech offering
Legal Update
MEES: Are you ready for April 2023?
With only a few months left until the next phase of changes in the application of the Minimum Energy Efficiency Standards (MEES), it is important for both landlords and tenants of commercial property in England and Wales to review their property portfolios.Press Release
Manchester dealmakers advise Maven Capital Partners on £1m investment in fintech disruptor Nivo Solutions
Published Article
Consumer duty part 3 - 'The drill-down' into the 'cross-cutting' rules
On-Demand
Automotive webinar - EV charging points: contractual and liability issues to be aware of
On-Demand
Automotive webinar - Grant Funding and Collaboration Agreements
In this session, we examined the legal framework around grant funded collaborations and discussed the key risks to be aware of, including IP ownership and compliance with grant terms.