New acquisition for PE-backed Cardiff compliance services firm
Fri, 27 Oct 2023 | BUSINESS SALE
Alcumus, a private equity-backed Cardiff-based workplace safety and compliance services firm, has acquired a London-based business. Alcumus was backed by Apax Partners in 2022, with the private equity firm acquiring Inflexion’s stake and Inflexion subsequently reinvesting in a minority stake in the business.
Alcumus is now under the ownership of Apax and has around 750 employees. In January, the firm’s software division merged with Norwegian company EcoOnline, creating a new international environmental, health and safety (EHS) business technology group.
The company has now acquired Planet Mark, a London-based sustainability certification and Net Zero firm, in a deal that Alcumus says further propels its growth strategy and will deliver improved value to its UK customer base.
The deal will enable Planet Mark to utilise Alcumus’ experience, resources and technology to expand its offering. The partnership will aim to help organisations, particularly small and medium-sized enterprises (SMEs) to sustainably manage risks.
Alcumus Chief Executive Alyn Franklin commented: "Alcumus is committed to measuring what matters, inspiring change, and making the world a safer and more sustainable place for all. The acquisition of Planet Mark is the latest part of our journey. This acquisition not only propels our growth ambitions but also adds tremendous value to our UK customer base”.
Planet Mark Chief Executive and founder Steve Malkin said that the company and Alcumus had a “shared vision” and added: "With their international presence and established history of helping businesses cut carbon, reach net zero and provide positive impacts for society and the environment., the possibilities are endless – we’re expecting big things as we enter our second decade."
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