Hickton, a Barnsley-based clerk of works business, was bought from founder Tony Hickton in 2016 by CEPS (Chelverton Equity Partners), with managing director Tony Mobbs taking a 20% stake.
Hickton Holdings has now taken over Chelmsford-based BRCS for up to £1.3m. It has paid £608,375 up front, with the balance payable over the next two years, depending on financial performance.
The vendors of BRCS – Simon Polley, Frank Robinson and Sue Polley – are staying in their existing roles within BRCS, and will be joined as directors by Tony Mobbs.
BRCS was established in 1996 and was one of the first three private sector building control bodies authorised by the Department of the Environment for non-residential projects. In the year to 30th April 2016, it had sales of £732,101 and profit before tax was £257,071. At 30th April 2016 net assets were £456,328, including cash of £286,193.
CEPS said that the acquisition of BRCS fitted with Hickton's strategy of broadening its service offering into complementary areas.