M&A
ICA GROUP
Acquired by
CERTANIA
UNITED KINGDOM Industrial Services EV [1m GBP - 100m GBP] 03/2026
ICA GROUP acquired by CERTANIA
UNITED KINGDOM Industrial Services EV [1m GBP - 100m GBP] 03/2026
Target
ICA GROUP
Acquirer
CERTANIA
Context
CERTANIA Holding GmbH has completed the acquisition of ICA Group from CEPS PLC and other shareholders. The acquisition was structured with an upfront payment and a contingent earn,out payment for certain shareholders, though the primary corporate seller received full consideration for its equity ownership upon completion to ensure a fully de,risked exit. This transaction strengthens the acquirer,s Buildings and Infrastructure segment in the United Kingdom and Ireland, complementing existing portfolio companies such as BB7 and Clarke Banks. Strategic rationale for the deal includes expanding the group,s capabilities in building safety, gas and electrical auditing, and regulatory assurance across the UK construction sector. A portion of the proceeds from the disposal was utilized by the seller to repay existing external debt and provide additional resources for its remaining strategic business drivers. The target will continue to operate under its established management team and brands within the broader international group structure.
Target
ICA Group is a UK,based holding company comprising several specialist businesses focused on quality, compliance, and sustainability within the built environment. Its business model integrates multi,disciplinary services across four core streams: quality site inspection (Clerk of Works), building control, gas and electrical auditing (specifically for social housing), and fire safety consultancy. The group operates through established brands such as Cook Brown Building Control, Hickton Quality Control, and Morgan Lambert, providing regulatory assurance and standards advisory throughout the UK construction sector. By ensuring project delivery meets stringent building regulations and safety standards, ICA Group serves as a critical partner for clients navigating an increasingly complex regulatory landscape. Its value proposition is centered on technical expertise and a comprehensive service portfolio that covers the entire building lifecycle, from initial construction oversight to ongoing safety compliance.
Ent. Value
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Equity Value
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Multiples Analysis
EV / Revenue
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EV / EBITDA
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EV / EBIT
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Historical Financials (EUR)
Year
Rev
EBITDA
EBIT
2026
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2025
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