Benchmark International advises on the sale of Earthing Solutions
Benchmark International is delighted to announce the completed sale of Earthing Solutions and Earthing Measurements Limited to ERA Technology, part of EDIF Group Management Limited.
Earthing Solutions provide a broad range of earthing related services with a particular focus upon the energy industry. Following 15 years of development which has seen the company become industry leaders, shareholders Trevor Charlton, Mayur Galani and Mark Davies have achieved a deal value of £3.4m for all of their hard work.
Trevor Charlton, Founder of Earthing Solutions commented:
“We are excited to be joining ERA. The complimentary nature of our services, similar culture and ERA’s investment plans made this union compelling for us. Access to ERA’s power systems services, safety engineering / risk assessment and EMC studies will significantly augment the power system earthing product we provide. Their business systems support is a vital feature and we are really looking forward to taking the service we offer our customers to a much higher level.”
Anthony Chant, Managing Director, ERA Technology, commented:
“We are delighted to welcome the Earthing Solutions team to our group. With their deep experience of the Earthing industry and the Power Generation sector, we know that this acquisition will be a fantastic opportunity to enhance our Power Engineering services to existing clients, as well as opening up new client relationships and opportunities.”
The EDIF Group subsidiary, ERA Technology are backed by a private equity firm and have been actively acquiring across a number of sectors over the past few years with the aim of establishing itself as the leading global provider of testing, inspection, certification and consultancy services focusing on the industrial and energy markets.
Everyone at Benchmark International would like to wish all parties the very best of luck for the future.
Read more about the acquisition here