Cheshire investment group CorpAcq on track to top £100 million turnover

Altrincham-based investment group, CorpAcq, has reported it is on track to top £100 million turnover this year, claiming the improving UK economy has boosted trading across its portfolio of companies.

CorpAcq expects to achieve record revenues this calendar year, up from £83.3 million in 2013.

Underlying pre-tax earnings (EBITDA) are forecast to top £20 million, compared with £11.4 million in 2013.

Strong organic growth, plus the impact of CorpAcq’s acquisition of Chorley-headquartered Adlington Welding Supplies in September 2013 and Stoke-based Olympus Engineering earlier this summer, meant overall group sales rose 29% in the eight months to the end of August compared with the same period of 2013.

Profits in the period were 68% ahead of the first eight months of 2013.

Staff numbers across the companies owned by CorpAcq now total more than 800, up from 664 at the end of 2013.

CorpAcq’s portfolio comprises 10 companies across the North West, Yorkshire and the Midlands, whose activities span building services, manufacturing, precision engineering and plant, generator and forklift truck hire.

Simon Orange (pictured right), founder and chairman of CorpAcq, said: “The improving economy has led to a return of confidence and activity in our key markets, and we are benefiting from a diverse customer base, product range and service offering across the CorpAcq portfolio.

“We are confident of sustaining our strong growth, and we continue to target further acquisitions to strengthen our market position in the building services, plant and engineering industries while also seeking to broaden our portfolio across various other sectors.”

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