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Connaught makes two acquisitions for £15.9m

Support services firm Connaught is driving the expansion of its health, safety and environmental division after acquiring two businesses for £15.9 million.

Connaught has bought UK Fire, one of the largest independent fire safety firms in the UK, for £12 million. The firm has also acquired pest control, prevention and fumigation group Igrox for £3.9 million.

In addition to the acquisitions, Connaught has launched a rights issue to raise £12.1 million through the sale of eight million new shares.

Bosses said that following the acquisitions, Connaught will be able to deliver a fully national offering in all the key compliance services including health & safety, environmental, occupational health, food hygiene & pest prevention, fire, water, gas and electrical inspection and testing, service and maintenance.

Connaught chairman Mark Tincknell said: “The acquisitions of UK Fire and Igrox are in line with our stated strategy of enhancing the service range and geographic coverage provided by our market leading integrated compliance services business.

“This will further enhance our future opportunities in this division and I welcome them to the group.”