PAC Group acquired by CP Holdings

PAC Group, a market-leading engineering company in Northern Ireland, has formed a strategic partnership with CP Holdings in a deal advised upon by KBS Corporate Finance.

Standing for Process Automation & Calibration, PAC comprises eight divisions which provide a diverse range of engineering services – Electrical, Automation, Calibration, Gas Detection, Switchgear & Control, Composites, Facilities Management and Enviro (environmental & industrial).

The company commenced trading in 2018, originally based in Carrickfergus with five directors and eight employees, and has rapidly grown to a workforce of more than 65 across its 15,000 sq ft workshop in Belfast and fabrications factory in Bangor.

The investment from Watford-based CP Holdings will not only enable the current upward trajectory to continue, but also to implement the next phase of PAC Group’s ambitious growth plans with increased expertise and knowhow.

“We are thrilled to enter into this new partnership with CP Holdings and look forward to exploring how we can further assist and service our loyal clients across all our divisions, as well as exploiting new growth opportunities,” said Gavin Rankin, PAC Group’s Managing Director.

Alexei Schreier, CEO of CP Holdings, commented: “We are very excited with our investment in PAC Group and are looking forward to supporting the management team in the next chapter of the growth story.”

Jay Singh, KBS Corporate Finance Director, advised on the transaction, which he was delighted to bring to a successful conclusion for both parties.

“It was a pleasure to advise the shareholders on the transition of the business and we wish them the best of luck on their continued journey as part of the CP Holdings group,” said Jay.