Epsilon Merges With PHS
Electrical safety testing company Epsilon Test Services has been sold to workplace service providers, the PHS Group. The deal completed on 4th April 2008 for an undisclosed sum.
Award winning Epsilon specialises in portable appliance testing (PAT), periodic fixed installation testing and thermal imaging. The company was formed in 1993 and has experienced year-on-year growth, recording a profit increase last year of over 300 per cent.
The PHS Group acquired Epsilon as part of its strategy to broaden its range of services. The group has a strong track record of acquiring successful specialists in the facilities market and now has divisions that offer a range of services that include washroom services, drinking water dispensers, confidential waste destruction, waste management and interior and exterior landscaping.
Both parties cite synergy as their motivation for the sale. Epsilon’s managing director Mark Blanchfield commented, “We are delighted that Epsilon will be joining the PHS Group and see this as the right foundation for future growth. As a company we have invested heavily in technology and have strived to set the benchmark for quality of service in our industry. Our approach of focusing on the customer and exceeding their expectations is very much in line with the PHS ethos. As a parent group PHS offers a great deal of support and has an established customer base of over 200,000. We look forward to offering electrical testing services to those existing customers whilst continuing to win new business.”
Peter Cohen, chief executive of the PHS Group, said “Epsilon Test Services is a very successful business with a track record of development and growth. Their electrical safety services complement the existing PHS portfolio and will be an asset to the Group.”
Epsilon will continue to be run by the existing management team.
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