Lucion Services

Business Services

Lucion Services is a UK market leader for accredited hazardous material testing, surveying, and consultancy. It delivers trusted, holistic environmental services to commercial clients across multiple sectors.

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.

Phil Rozier – CEO, Lucion

With over 15 years in leadership at Lucion, six successful business acquisitions and exponential growth year on year, Phil is the driving force of success across the Group. Leading the management buyout process, Phil became CEO in 2019. Since then, he has driven efficiencies to improve margins while creating a new strategic direction for the Group.

I’m delighted to be able to pick up the Lucion baton and build upon what is already an excellent platform for growth. Lucion has always had ambitious growth plans, which can now become a reality with the support and investment from Palatine. It was important for Lucion to find the right partner, one that can not only assist with the funding of acquisitive growth but also offer a wealth of experience and knowledge to help guide us through the challenges ahead.

Phil Rozier

CEO – Lucion Services