Tue, 28 Nov 2023 | BUSINESS SALE
Brownfield Solutions, an environmental services firm with offices in Bromsgrove and Northwich, has been acquired by private equity-backed compliance group Celnor Group as part of its buy and build growth strategy.
Reading-based Celnor is backed by Inflexion Private Equity and is actively seeking acquisitions of firms offering testing, analysis, compliance and certification related services with annual profits of between £250,000 and £10 million in the UK, Europe and North America.
Brownfield Solutions provides geo-environmental services, including contaminated land risk assessment and site investigation, for property owners and developers. The company’s services are used to support due diligence, development design, project feasibility and remediation work for both brownfield and greenfield sites.
Celnor’s M&A drive comes at a time when ESG is an ever more pressing consideration in dealmaking activity, with environmental and sustainability often core factors in how investors such as private equity firms deploy their capital.
Celnor Group founder and CEO Simon Parrington said: “Brownfield Solutions is a business with a strong reputation that will fit perfectly alongside GIP in our geo-environmental sector. The two companies offer complementary services and the acquisition extends both our geographic coverage and technical capability.”
Brownfield Solutions Director Tony Hewitt said that Celnor “shares our values and cares about developing and supporting employees” and added that the acquisition would give the company “a platform for growth and the support we need to focus on the technical delivery of services for customers.”
Fellow director James Jacob added that the takeover was “an exciting and very positive step in the development and future growth of Brownfield Solutions.”
Find out why ESG has become such an important consideration in dealmaking and discover how it can be incorporated into an M&A strategy to help attract investment and boost value
Read about driving acquisitive growth with private equity backing
Berkshire accountancy practice for sale, offering a profitable opportunity with a loyal client base, ideal for those looking to step into a well-established business.
This is a rare opportunity to acquire a well-established, 100% private dental practice in Yorkshire, operating from three well-equipped surgeries with significant potential for growth.
This established high-net-worth IFA, with £300 million funds under management in the West Midlands, offers a rare opportunity to acquire a business boasting an average portfolio size of £800,000 per household.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.