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.
CTS
