Benchmark International is pleased to announce the acquisition of Marlborough-based Trident Water and Nottingham-headquartered Phenna Group.
Trident Water was established in 2002 and is a water treatment and water hygiene specialist with a focus on legionella control. With a wide and varied client base across a range of sectors, Trident Water is currently a trusted partner at over 200 sites across the UK.
Phenna Group's aim is to invest in and partner with selected niche, independent testing, inspection, certification and compliance (TICC) companies that serve a variety of sectors. A highly acquisitive group, this is Phenna’s eighth acquisition this year, further augmenting its market leading built environment platform, and adding geographic reach and complementary services to its existing offerings.
The deal also represents the fifth acquisition by Phenna Group conducted via Benchmark International. Other deals have included the acquisitions of GMES, Facit Testing, Ecology Solutions, and Safety Services.
Stuart Nixon, Managing Director of Trident Water, commented: “We are thrilled and excited to be partnering with Phenna Group. Since first meeting Paul and his team, they have acted with great transparency and integrity; values which were very important to us in making our decision. Angela and I are convinced that Phenna Group will provide exactly the support Andy and the team needs to deliver our future growth plans and maintain the quality of our offerings. Trident Water has an excellent, experienced and highly committed team and in Phenna Group, I believe the future will be both exciting and rewarding.”
Paul Barry, Group CEO of Phenna Group, said: "Trident Water is a business that we’ve admired for a while and I’m absolutely delighted that Stuart and Angela have entrusted us with their legacy. From our first discussions we were convinced that Trident Water would be a great fit within Phenna Group. This deal augments our market leading built environment division and I look forward to welcoming their talented team to our group and to working with them all, to deliver continued success for the business.”
Trident Water was advised by Benchmark International, Temple Bright LLP and Simon Day and Co.
Phenna Group was advised by Johnston Carmichael and Irwin Mitchell.
Europe: Michael Lawrie at +44 (0) 161 359 4400 / Lawrie@BenchmarkIntl.com
Americas: Sam Smoot at +1 (813) 898 2350 / Smoot@BenchmarkIntl.com
Africa: Anthony McCardle at +27 21 300 2055 / McCardle@BenchmarkIntl.com
ABOUT BENCHMARK INTERNATIONAL:
Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled over $10 billion in transaction value across various industries from offices across the world. With decades of M&A experience, Benchmark International’s transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the Global M&A Network as well as the #1 Sell-side Exclusive M&A Advisor in the World by Pitchbook’s Global League Tables.