Electrical services company snapped up by Phenna Group

Thu, 03 Oct 2019 | BUSINESS SALE



Phenna Group, a Nottingham-based group of businesses operating in the TICC – testing, inspection, certification and compliance – sector, has successfully taken over Group Management Electrical Surveys (GMES).

GMES, which is headquartered in Ripponden, caters to international blue-chip clients by providing a range of electrical services. Its acquisition is Phenna Group’s fifth since it was formed less than a year ago, with the aim of broadening its portfolio to include a wider range of services.

GMES’ managing director, Steve Cressey, is expected to stay on in his current role to support Phenna Group’s management team.

Cressey said: “I am delighted to join the Phenna Group portfolio of companies. The company has excellent credentials in the TICC sector and demonstrated close alignment with our values and entrepreneurial spirit.

“Selecting the right partner who shared our ambitions for growth, who would give us the support and backing to achieve these goals was key and I firmly believe Phenna Group will deliver exactly that. I'm very excited about the future.”

The chief executive of Phenna Group, Paul Barry, commented: “I'm delighted that Steve and his team have joined our Group. The company fits closely with our strategy of creating a differentiated group of niche TICC businesses and has close customer and market synergies with our other portfolio company, Building Envelope Technologies Ltd.

“I'm looking forward to working with Steve and his team to deliver their ambitious growth plans.”

Benchmark International and Schofield Sweeney provided GMES with support, whilst Avonhurst and Johnston Carmichael advised Phenna Group.


Share this article



Latest Businesses for Sale

Provider of Plant, Machinery & Tool Hire & Sales
North West, UK

Provides an extensive selection of products from leading brands, all of which are maintained to a high standard Knowledgeable and long-standing workforce in place, benefiting from extensive experience in the sector. Offers invited.

Asking Price: Offers Invited
Turnover: £820,000

LEASEHOLD


Third-Party Logistics Provider & Mailing House
South East, UK

A specialist third-party mailing house and fulfilment provider,utilising innovative technology and a network of couriers to offer an agile and reliable service.Services offered include order fulfilment and processing, courier services, printing, poly...

Asking Price: Offers Invited
Turnover: £10,200,000

LEASEHOLD


Hospitality Industry Recruitment Specialist
UK Wide

Provides highly skilled and professional hospitality staff across a variety of sectors. Recognised as both a preferred and top tier supplier for several of its prestigious clients. Supplying both temporary and permanent Nationwide staffing solutions....

Asking Price: Offers Invited
Turnover: £3,500,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
23
 
Jan
 

MBO at Bristol-based media training firm | MBO/MBI

Mentor Media Training has been acquired by lead consultant D...

 
22
 
Jan
 

Chelmsford warehouse management firm bought by software provider | BUSINESS SALE

Chelmsford-based warehouse management solutions provider Min...

 
21
 
Jan
 

MBO at Newcastle market research company | MBO/MBI

Newcastle-based market research company Explain Market Resea...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources