Inflexion’s portfolio company Alcumus Holdings has completed the GBP47 million acquisition of Santia Holdings, a provider of integrated health & safety and environment risk management services.
This acquisition, completed within just eight weeks of Inflexion’s buyout of Alcumus, broadens Alcumus’ footprint in the accreditation and certification market.
Alcumus is a provider of technology-enabled compliance, certification and verification risk management solutions. It is a specialist in its field and now has a wider, more diversified customer base. The enlarged business will serve over 30,000 clients both in the UK and internationally, including 35% of the FTSE 100, and will provide outsourced risk management services which are critical to compliance with UK regulations, internationally recognised standards and recognised contractor accreditation and supply chain verification schemes.
Simon Turner, Managing Partner at Inflexion, says: “We are delighted to support Alcumus in completing this substantial acquisition in such a short timescale. Alcumus is an excellent business, led by an ambitious team, which we are seeking to grow via acquisition. We are pleased to have added Santia to the group; a market leader in its field which expands Alcumus’ market share in this fragmented sector.”
Martin Smith, CEO of Alcumus, says: “The addition of Santia represents a significant development for Alcumus; the combined Alcumus and Santia business makes us the major player in risk management solutions in the UK. Completing this acquisition is a great start to our relationship with Inflexion.”
