Published on: March 18, 2021
Hickton Group acquires Millington Lord
CEPS has announced the acquisition by its subsidiary Hickton Group of Millington Lord, a gas and electrical safety consultancy based in Selby, North Yorkshire that provides auditing, consulting and training services. The total consideration for the transaction is a maximum of £1.1m in cash, including £0.1m subject to certain turnover targets being met, with the £0.7m initial cash payment funded by available cash resources within the Hickton Group. The services provided by Millington Lord are complementary to Hickton Group’s current Clerk of Works and Corporate Approved Inspector businesses and it is expected that there will be cross-selling opportunities as well as scale efficiencies that can be achieved following the acquisition.