Headquartered in Nottingham, UK, Phenna Group's aim is to invest in and partner with selected niche, independent Testing, Inspection, Certification and Compliance (TICC) companies that serve a variety of sectors, ensuring customers' peace of mind by delivering first class assurance & consultancy services. This acquisition, our 12th of 2023, adds service extension and additional complementary capability to our rapidly growing built environment and industrials divisions.
Formed in 2009, ACI Reports, based in Skelmersdale, Lancashire is a market-leading provider of TM44 air conditioning inspection reports in the UK and a provider of EPC certificates and DEC certificates. They work on a wide range of projects from individual retail shops to large scale national contracts. The company operates nationwide and occasionally for international clients, across diverse sectors and with a national network of TM44 air conditioning unit inspectors.
Jol Pearson, Director of ACI commented, “We are really excited for ACI to be joining Phenna Group. Throughout the whole process the Phenna team have been very responsive, transparent and acted with a high degree of integrity. There are always some challenges undertaking an M&A process but with Phenna Group and their advisers it has been seamless and we are confident that Phenna will be the supportive partner that ACI needs to continue its growth plan and further cement its market leading position. As we transition out of the business, we will remain excited to see how the business develops going forward.”
Mick Grist, MD of Industrial Safety Inspections at Phenna Group who will take over responsibility for ACI, following a short transition period said, “I’m delighted to be taking on responsibility for ACI. ACI has built a fantastic business and I’m excited to work with the team to continue building on their legacy as we move forward together.”
Paul Barry, Group CEO of Phenna Group said, "Operating in complementary markets to several of our portfolio companies, we have been aware of ACI for some time and have seen it grow from strength to strength. I am excited about the future opportunities ACI will realise by having it as part of the wider Phenna Group. ACI have built an outstanding business with an excellent team to support them and I am confident of its future ambitions being realised.”
Phenna Group were advised by Johnston Carmichael and Avonhurst
ACI were advised by Brabners Solicitors and Nero Accounting.
For further information on Phenna Group, please visit: www.phennagroup.com