The new owner plans to use CPS as a launch pad for acquisitions in the building services sector.
“Several active acquisition discussions are currently underway,” HIG said.
CPS, formerly Cambridge Piped Services, provides installation and maintenance services across heating, cooling, ventilation and electrical systems to clients in the healthcare, life sciences, defence and education end-markets. The existing management team of
In the wake of the 2017 Grenfell Tower fire, developers, contractors and indeed the whole construction supply chain have been wading through impediments to make high-rise blocks of flats safe. The insurance industry has been a persistent impediment.
The hope is that the new model clause – freely available for use by underwriters looking to provide professional indemnity insurance for
The construction industry’s leading companies are bouncing back from the worst of the Covid-19 pandemic and the shock of Brexit; turnover and profits are improving – but challenges remain.
The Construction Index’s latest Top 100 shows leading construction contractors altogether earned £70.4bn in revenue, according to accounts available at Companies House as of the end of July 2022. This was
After four years of ownership, Palatine Private Equity has sold CTS Group (Construction Testing Solutions) to Oakley Capital Investments for an undisclosed sum.
At the same time, Oakley has acquired Phenna Group, a recent agglomeration of testing houses, and is folding CTS into Phenna.
Oakley said that the combined capabilities that the two businesses have in the UK across laboratory
Writing in Saturday’s Daily Telegraph, Robert Jenrick claimed credit for the Project Speed initiative but said that since his sacking from cabinet in September 2021 it had been abandoned.
He said the next prime minister should revive the programme to override the
For the year to 25th February 2022 NG Bailey made a pre-tax profit of £3m, turning around the previous year’s £4.4m loss.
Annual turnover was broadly unchanged but down slightly at £500m (2021: £507m).
Earnings before interest, taxation, depreciation and amortisation (Ebitda) was £7m (2021: £3m) with an underlying operating profit of £800,000 (compared with a loss of £2.7m
