- In Situ Site Investigation is a ground investigation services business
- CTS Group is a nationwide network of laboratories and offices, offering a range of construction testing, inspection and compliance services
- Its acquisitions have focused on broadening its geographical coverage and diversifying its infrastructure services offering
Palatine-backed CTS Group has bought In Situ Site Investigation, a ground investigation services business.
Based in St Leonards-on-Sea in the UK, In Situ Site Investigation was founded in 2008. The offers services such as cone penetration testing and pressure-meters.
The deal is the ninth acquisition CTS Group has made since Palatine first invested in it in 2018. The group’s acquisitions have focused on broadening the group’s geographical coverage as well as diversifying its infrastructure services offering.
“Since we invested in CTS in 2018 we have successfully supported the management team in implementing a buy and build strategy to accelerate growth and amplify the many and varied qualities within the business,” said Tom Hustler, investment director at Palatine. “This transaction, CTS’s second acquisition within a week, represents our continued commitment to broadening CTS’s geographical coverage, as well as diversifying the group’s infrastructure services offering, in a bid to align a fragmented marketplace.”
CTS Group, headquartered in Leicester, is a UK wide network of laboratories and offices, offering a range of construction testing, inspection and compliance services.
“With this latest acquisition, we are creating a premier infrastructure testing, consulting, inspection and compliance company and I’m delighted to welcome the In Situ Site Investigation team to the CTS Group,” said Phil Coles, CEO of CTS Group. “In Situ Site Investigation is an extraordinary company with a fantastic service offering and team, an incredible reputation and we are thrilled that they are joining the CTS Group. Continuing to grow our capabilities and expand our portfolio whilst at the same time growing and further strengthening our client relationships across our business is critical to our ongoing success and is at the very heart of our strategy. This acquisition complements the previous deals announced over the past two years and reinforces our commitment to growth through attracting complimentary businesses and market leading talent.”
Palatine is a Manchester-headquartered private equity and venture capital firm. It has two funds, Buyout and Impact, and was founded in 2005.