Industrials: Phenna Group’s investment in Thomas Bell-Wright International
Armstrong has provided CDD in support of Phenna Group’s investment in Thomas Bell-Wright International Consultants (TBW), an independent provider of testing, inspection, certification & compliance (TICC) services to the Middle Eastern and European built environment sectors.
TBW was founded in 1995 and is an internationally accredited provider of curtain wall testing, façade consulting, and specialist fire testing services. Headquartered in Dubai, the business features high quality laboratory facilities and is supported by 100+ staff.
Armstrong provided commercial due diligence to support Phenna Group’s investment. This consisted of detailed interviews with market experts and key customers, review of market drivers & size, and a thorough assessment of TBW’s competitive environment.
Paul Barry, CEO of Phenna Group commented: “I am delighted to complete our first acquisition in the Middle East, which complements our existing service portfolio and provides a one stop shop offering in the Built Environment sector. The support received from the Armstrong team was excellent and assisted greatly in our overall evaluation of the opportunity.”
Simon Hemsley, Director at Armstrong commented: “TBW is a high quality company helping clients in the construction sector balance increasingly stringent and complex regulatory requirements, which creates a resilient underlying demand for its services. Its depth of expertise, quality of service, level of certification, and international reach makes it well placed for growth as part of the larger group.”
For more information please contact:
Simon Hemsley, PartnerEmail Simon