Inflexion reinvests in BES
Inflexion has reinvested in the British Engineering Services Group (BES) to support the company’s continued growth. Inflexion has been an investor in the engineering testing, inspection and consultancy services specialist since it led the carve-out from RSA plc in October 2015.
The next phase of the firm’s growth will continue to be supported by Inflexion, who will retain a majority interest in the firm.
Five years of partnership with Inflexion have transformed BES into a unique asset of scale in its market. Inflexion has supported significant investment into various areas of the business including building a fully integrated back office, strengthening the team, and technological development. Management have worked with Inflexion’s digital team to create a best-in-class tech-enabled service, while a number of acquisitions have expanded BES’s offering, with two undertaken in the last three months of 2020.
Stewart Kay, CEO of BES, says: “Our partnership with Inflexion has really delivered. The British Engineering Services Group offers industry leading services to its customers and benefits from a well invested infrastructure and technology base. Our market offers significant scope for continued growth, including through further consolidation, and Inflexion’s continued expertise, combined with our fantastic team, mean we are well prepared to continue to act on this.”
Simon Turner, Managing Partner of Inflexion, says: “We are proud of the growth that BES has achieved over the past five years and believe that it has a lot further to go. BES has been transformed since we carved it out and we are looking forward to continuing to be part of its ongoing success story.”