Nottingham occupational health consultancy snapped up by PE-backed firm
Cura Terrae, the new environmental services group backed by Palatine’s Impact Fund, has made its first acquisition since its creation in March.
The deal is a bolt-on for Cura Terrae group company Envirocare, which has bought SI Environmental, the occupational health consultancy based in Nottingham, expanding its presence to the East Midlands alongside its existing bases in Bradford, Brackley and East Kilbride in Scotland.
Greg Holmes, investment manager at Palatine said: “Since our investment in March we’ve been very pleased with the performance of the new group. We are delighted to have completed this first acquisition so soon after formation and we have strong pipeline of further M&A in our pipeline is a sector that continues to see significant growth.”
CEO of Cura Terrae, professor Peter Skipworth, added “The formation of Cura Terrae has given our market-leading businesses a unique opportunity to grow and expand, in terms of the services they offer, the expertise and resources at their fingertips, their geographical coverage, and the quality of their customer service.
“I’m really pleased that our flagship occupational hygiene company, Envirocare, has acquired S.I. Environmental, and it’s another valuable addition to our family tree, complementing our shared mission to offer services and solutions to help take care of the Earth, and help our clients work towards a more sustainable future.”
Carl Renshaw, managing director of SI Environmental, said: “It was important to find the right home for S.I, where the business and its staff could continue to thrive, and that shared our commitment to providing high quality customer service. I believe we’ve found that in Envirocare and we’re excited to become part of the wider Cura Terrae family as we align firmly with their mission to ‘look after the Earth’.”
The acquisition was also backed by Shawbrook Bank.
Cura Terrae and Envirocare were advised Megan Atack and team at Freeths and SI Environmental was advised by Hopkins Solicitors.