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 five acquisitions to date which have broadened Lucion’s product offering.
- Introduced a chief financial officer to the business pre-transaction and further strengthened the management team through the appointment of a CPO and CTO.
- 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.
CEO – Lucion Services
