£50m revenue group created by acquisition
Lucion Services, a leading environmental services group backed by Palatine Private Equity, has acquired multi-disciplinary environmental consultancy Delta-Simons Environmental Consultants Ltd.
Both companies have East of England strongholds, Lucion in Letchworth and Delta-Simons in Norwich and Lincoln.
The deal creates a business with revenues of around £50 million, serving 1,500 clients across 20 sectors including utilities, real estate, nuclear, technology, marine, government, education, planning and development.
The enlarged group has more than 500 employees, the majority of whom are field-based technical specialists with skillsets in 50+ environmental consultancy services, including hazardous materials, ecology, air and water services, geo-environmental and sustainability among others.
Lucion CEO Philip Rozier said: “We have long admired the quality and service levels provided by Delta-Simons and together we can widen and improve our service offering and share best practices both internally and externally to our existing and potential client groups.
“Despite the challenges faced during the COVID-19 pandemic, both businesses have performed extremely well and shown their resilience in difficult times.
“This is a reflection not only of the quality of all our people but also the need for the continuing provision of first class technical and regulatory services no matter what economic climate prevails. This acquisition supports further our ambitious growth strategy as we pursue further synergistic opportunities in the UK and International markets.”
Alex Ferguson, managing director of Delta-Simons, will join the executive board at Lucion. He said: “Lucion is the perfect home for Delta-Simons at this stage in our evolution. We join a strong and established technical business with complementary clients and services and can benefit significantly from Lucion’s proprietary software and management systems.
“Together with Lucion, we will offer an unrivalled, market leading UK operation with a global reach through the Inogen Alliance, a global network of over 5,000 environmental specialists.”
The transaction was supported by HSBC, while East of England law firm Birketts advised the shareholders of environmental consultants Delta-Simons.
Ed Savory led the Birketts’ Corporate Team which advised the shareholders of Delta-Simons, with support from William Kemp, Macauley Alsford, Sam Varney and Isabella Murray (Corporate), John Kahn (Corporate Tax), Laura Brown (Employment), Lisa Hayward and Kirsty Scripps (Employees Incentives), Matt Grindley, Talia Jacobs and Emily Broadrick (Real Estate).
Speaking after the sale.
Savory said: “Delta-Simons is a cracking business with a very capable leader in Alex Ferguson. I have no doubt the company’s future is bright with the opportunity to develop synergies in partnership with Lucion Services.”