KBS Corporate Oversees Sale of Silkstone Environmental
The company is a multidisciplined consultancy, specialising in several sectors including mineral, waste management, site investigation and surveying. The company was formed in 2000 and over the years has developed an excellent reputation which enables the business to generate its sales via word-of-mouth referrals.
The shareholders approached KBS Corporate with the sale of their business to allow further growth under new ownership.
Silkstone Environmental attracted 27 interested parties and 2 offers. The successful offer came from Constructions Testing Solutions Ltd as part of their ongoing growth via acquisition strategy and was backed by Palatine Private Equity. CTS Ltd recently completed the sale of CGL Limited in November 2020 and Nicholls Colton Group in early 2021.
Phil Coles, CEO of CTS said: “This latest acquisition supports our overall growth strategy and focus on delivering market leading construction testing and consulting solutions to our clients. It further strengthens our position in the UK construction testing and consulting market and provides numerous synergies and opportunities that benefit both CTS and our clients.”
Managing Director of Silkstone Environmental, Mark Barrett, will remain with the company and commented on the deal: “I’m delighted to be continuing with Silkstone as Managing Director and supporting the administrative integration process along with future growth of the combined business. Together, we can offer customers a wider range of services, helping to reinforce CTS’s position as a leading provider of construction testing and consultancy services in the UK.”
Silkstone Environmental was advised by KBS Corporate throughout the process.