Search Get in touch
Business Services

CET maintains growth momentum with Triaqua acquisition

By Dunedin,  April 04, 2018

The acquisition strengthens CET’s Drainage division and forms part of a broader plan to double the size of CET over the next four years

Dunedin-backed CET, the dynamic provider of specialist outsourced services to the construction and insurance claims sectors, today announced the acquisition of one of its suppliers, Triaqua Limited (“Triaqua”), a team of industry-recognised drainage professionals that provide specialist support services to the insurance sector for underground services claims.

Founded in October 2016, Triaqua manages drainage insurance claims and provides solutions to reduce indemnity spend. This acquisition will strengthen CET’s Drainage division and forms part of a broader plan to double the size of the CET business over the next four years. 

This acquisition comes 12 months after CET appointed CEO Peter Eglinton to lead the business through continued growth, including further geographical expansion, strategic acquisitions and investment in people. CET achieved revenues of over £34m in its latest financial year, growing 25% over the previous year and building on a six year track record of continuous strong growth. 

Peter Eglinton, CEO of CET, said: “We have worked very closely with the Triaqua team over the last eight months and are delighted to formally welcome them to CET. As well as providing our clients with enhanced technical expertise in drainage services, this acquisition builds on CET’s growth momentum and demonstrates our strategy of acquiring complementary businesses to expand our capabilities.”

Katie Chung, Investment Manager of Dunedin, said: “During our investment period, CET has successfully focused on acquisitive and organic growth, greatly enhancing the breath and quality of service that it offers its clients, as well as strengthening its national footprint. This latest acquisition forms part of that active expansion programme, which has seen CET achieve year on year growth, with both revenues increasing by over 75% over the past 3 years.”

Dunedin backed the management buyout of CET Group in 2005. It has to date funded 49 portfolio acquisitions from its second and third funds.


More News and Thought Pieces

International expansion bucks trend in oil and gas sector and boosts company’s competitiveness in low-cost manufacturing environment

Read more

CFOs at private equity-backed businesses require high-quality financial systems and controls to ensure they can make the most of the partnership with their private equity investors, whilst also driving profitable growth for the business”, explains Stuart Kerr, the CFO of Incremental.

Read more

Successful exit follows one week after the sale of Alpha and sees Dunedin return £230 million to investors within three months

Read more
PR Enquiries

Corinna Vere Nicoll

+44 (0)7825 326440

Be first to know.

Sign up to get Dunedin updates, thought pieces and insights delivered to your inbox.

Get in touch.

Send us your message