Industrials: The British Engineering Services’ two acquisitions in TICC
Armstrong has supported the British Engineering Services Group, a market-leading UK testing, inspection, certification, & compliance (TICC) business, in their acquisitions of electrical testing business Lantei, and condition-based monitoring firm PCMS Eng Group. British Engineering Services is an Inflexion portfolio business.
Lantei is an electrical testing business based in Preston with a team of almost 150 people. Along with electrical testing, Lantei provides specialist services including thermal imaging, emergency light testing, electric vehicle (EV) charging point installation and testing, portable appliance testing, TEGG services, professional training via Lantei Learning and more.
PCMS assesses machinery and equipment, helping keep businesses operational. They work closely with many manufacturing businesses worldwide who rely on their skills to prevent disruption, loss of production and cost caused by unexpected failures. PCMS has made several acquisitions of its own over the last few years, to form the brands which it operates under today – Practice Care Maintenance Services, Vibration Control Ltd, VCI Consultancy Ltd and Vibrotech Reliability Ltd.
Armstrong carried out full CDD on both acquisitions, covering market and competitor analysis, customer referencing, analysis of internal KPIs, and stress testing of each business’s growth plan.
Our work on Lantei highlighted its superior service and thorough inspections as key differentiators in a largely commoditised market. Our analysis of PCMS’s market environment outlined key trends in the condition monitoring space, pointing to the increasing adoption and broadening application of CMB technologies, such as remote monitoring vibration analysis.
Sebastian Lomax, Group Director of Acquisitions at British Engineering Services, said “Armstrong’s support gave me in-depth knowledge of the sectors and allowed me to focus upon the key areas during the transactions. I really appreciated their flexible and responsive approach to tight deadlines, which made working with Matt and Magnus very easy.”
To discuss potential opportunities for investors in the TICC market, please contact:
Matt McNallyEmail Matt