Private equity snaps up construction testing specialist

After a string of bolt-on acquisitions, Leicestershire-based geotechincal, testing and monitoring specialist CTS has itself been snapped up by a private equity investor.
Oakley Capital has bought CTS Group as part of a wider ambition to create a major player in the global testing, inspection, certification, and compliance market.
In parallel with the deal, Oakley is also financing testing, inspection, certification, and compliance group Phenna in a deal valuing the business at £1bn.CTS wil