Business Services

Construction Testing Solutions (CTS) is a leading provider of on-site and laboratory testing, geo-environmental and structural assessment services to the UK Infrastructure and Construction industry. The business operates from a network of ten laboratories and six geo-technical and geo-environmental consulting offices, providing full UK coverage.

At the time of Palatine’s investment, the business was part of a larger group which included CET. During the course of our investment, we supported management in formally separating the two businesses to enable us to execute two distinct strategic growth and exit plans.

Key Facts

Initial Investment: 23/11/2018

Sector: Business Services

Fund: Buyout Fund III

Status: Current

Investment Highlights

  • Introduced a new managing director with strong TIC sector experience.
  • Supported with sourcing and execution of four acquisitions to date broadening CTS’s geographical coverage.
  • Rolled out and improved existing field and lab workflow system across the business.
  • Undertook lean process review to enhance efficiency of laboratory services.
  • Introduced a new financial director with private equity experience to support transition to standalone business.

Partnership motivation

Phil and the CTS team are focusing on strategic M&A to broaden the business’ geographic reach and service offering. The business has completed four acquisitions since our investment and continues to actively pursue a number of targets. We have supported the business in broadening its management team and developing its people strategy. Management’s growth plans also include a continuation of the digitalisation initiatives to drive further operational enhancement.

I am delighted that Palatine will be supporting the business and look forward to working with them in achieving our ambitious growth plans. We will continue to focus on delivering great services for our customers, delivering our buy and build plans and in developing our team.

Peter Eglinton, Non-Executive Director