A private equity-backed environmental services group has acquired a counterpart to create a 500-strong company with sites across the UK and annual revenues of about £50m.
Gateshead-headquartered Lucion Services, which secured investment from Palatine Private Equity to support a management buyout in 2019, has bought multi-disciplinary environmental consultancy Delta-Simons Environmental Consultants.
Delta-Simons has its head office in Lincoln, as well as bases in Birmingham, Bristol, Leeds, Manchester, Newcastle, Norwich, Nottingham, Dublin and London.
Lucion’s regional offices are in Cardiff, Glasgow, Northern Ireland, North Wales, north and south Yorkshire, Cheshire, Leicestershire, Hertfordshire, Surrey and the Midlands.
The enlarged group has more than 500 employees, the majority of whom are field-based technical specialists.
Lucion chief executive Philip Rozier said: “I am delighted to welcome the people of Delta-Simons into the Lucion Group. We have long admired the quality and service levels provided by D-S and together we can widen and improve our service offering and share best practices both internally and externally to our existing and potential client groups.
“Despite the challenges faced during the Covid-19 pandemic, both businesses have performed extremely well and shown their resilience in difficult times. This is a reflection not only of the quality of all our people but also the need for the continuing provision of first class technical and regulatory services no matter what economic climate prevails.”
The transaction was supported by HSBC.