Sale of Code A Weld to Phenna Group

BDO.LiveSite.Deals.DealTypeM&A
BDO.LiveSite.Deals.IndustryManufacturing
BDO.LiveSite.Deals.SubIndustryEngineering

Code A Weld is a long established niche welder/welding text and certification support business, servicing a wide range of end markets, including nuclear, renewable energy, oil and gas, aerospace, rail automotive and construction sectors.

The business has been acquired by Phenna Group, whose aim is to invest in and partner with selected niche, independent Testing, Inspection, Certification and Compliance (TICC) companies that serve a variety of sectors, ensuring customers' peace of mind by delivering first class assurance services. This is the eighth acquisition made by Phenna Group in just over a year.

BDO advised the shareholders of Code A Weld, ensuring that maximum value was achieved and that the deal structure was acceptable for the shareholders going forward.

"Selling a business is one of the most difficult decisions one can make in a lifetime. It almost feels like letting your child go. The process of Due Diligence in itself can also be very stressful. Laura and Ross took most of the strain for me and quite frankly without them I probably would have changed my mind half way through ! My sincere thanks to them for their unending support and the professional way they went about everything."

David Millington, Owner and Managing Director, Code A Weld Group Limited