Gaby Hardwicke’s Corporate team recently completed on the sale of In Situ Site Investigation Limited, a market leader in Cone Penetration Testing and Pressuremeter techniques and ground investigation services. Gaby Hardwicke acted for the sellers with Ryan Smith and Michael Pay of EMC Management Consultants acting as corporate finance advisers.
This latest transaction was led by Corporate Partner, Mark Williams, with assistance from Trainee Solicitor Beth Ronnie. Mark Williams commented: “We were delighted to act for Darren, Claire and Phil in this transaction. They have built a strong business, which is set to continue to thrive as part of the CTS Group. Completion of this deal comes in a period of high activity in the M&A market.”
Award-winning Situ Site Investigation, which is headquartered in St Leonards-on-Sea, East Sussex and has an international operation, was founded in 2008 by Managing Director Darren Ward. The business, which employs 37 people across its various sites has experienced stead growth since its inception. It specialises in the use of Cone Penetration Testing (CPT) techniques including seismic, shear vane, video cone, magnetometer, MiHpt & MOSTAP sampling. It has now joined forces with CTS Group (Construction Testing Solutions Limited), a thriving business with a reputation as the UK’s leading geotechnical consultants in the construction industry.
Founding shareholder Darren Ward added: “From all of us at In Situ thank you all for your hard work and for looking after us so well. All of your efforts over the past few months are greatly appreciated and has made this whole process for us much easier and smoother than I thought it would be. With your combined expertise I have always felt that we have had the best team representing us.”
For further information on corporate transactions please contact Mark Williams on 01323 435913.