Key Facts
Initial investment: 20/05/2019
Sector: Business Services
Fund: Buyout Fund III
Status: Current
Investment Highlights
- Assisted with the appointment of a chairman with extensive TIC and private equity experience.
- Sourced and assisted with the completion of six acquisitions to date, which have broadened Lucion’s service offering.
- Introduced a chief financial officer and group IT director to the business to strengthen the team.
- Assisted with the operational restructure, creating a new regional office infrastructure which has increased efficiencies and reduced employee travel time.
Partnership Motivation
The company represents an exciting opportunity to back a market-leading business within the testing and inspection sector. With its scale and national infrastructure, together with its industry-leading NexGen operating system, we see a clear opportunity to work with the team to accelerate the company’s growth, both organically and through further acquisitions.
