Formed in 2018 and headquartered in the UK, Phenna consists of a broad range of TICC businesses currently serving the industrial manufacturing and built environment markets. The company continues to consolidate the highly fragmented TICC industry by acquiring select niche, independent TICC businesses that serve critical end-markets in the UK and internationally.
The Inflexion investment
Inflexion Partnership Capital completed a minority investment in Phenna in February 2021. The 18-month partnership more than doubled EBITDA and tripled headcount as an international TICC platform of scale was created.
The Inflexion difference
Inflexion was well positioned to help Phenna achieve its ambitious growth plans due to its substantial experience in the sector following investments in Alcumus, British Engineering Services and Cawood Scientific. Inflexion’s significant M&A experience enabled Phenna to undertake 23 acquisitions in six countries as the firm expanded geographically and into new end-market sectors. Inflexion also supported the build-out of the leadership team, including the appointment of a seasoned Chair.
Inflexion’s Partnership Capital minority offering combined with the firm’s impressive experience in similar businesses made them the perfect partner. Their knowledge of our sector and support in accelerating our M&A journey exceeded my expectations and I’d like to thank them for all their support.
Paul Barry, Founder and CEO, Phenna Group