Inflexion-backed Alcumus buys ContractorCheck

Alcumus, a portfolio company of Inflexion Private Equity Partners, has acquired ContractorCheck, a Toronto-based provider of health and safety pre-qualification and contractor management accreditation.

Alcumus, a portfolio company of Inflexion Private Equity Partners, has acquired ContractorCheck, a Toronto-based provider of health and safety pre-qualification and contractor management accreditation. No financial terms were disclosed. UK-based Alcumus is a provider of technology-enabled business assurance and compliance risk management solutions, also bought Britain’s Banyard Solutions.

PRESS RELEASE

Alcumus is pleased to announce that it is continuing to build on its recent success by expanding in the UK and North America with two new acquisitions that help to support its growth ambitions.

Newly acquired Banyard Solutions in the UK and ContractorCheck in North America will complement Alcumus’ well established portfolio of software-led risk management solutions. Alcumus provides a range of technology solutions, advice, expertise and support which helps clients to identify and mitigate risks, navigate compliance to create better workplaces and keep people safe.

The acquisition of Banyard Solutions, developer of e-permits, the UK’s first and leading web-based work authorisation and permit-to-work system, further adds to the portfolio of Alcumus risk management solutions. Having originally been devised and developed 18 years ago to support the construction of Canary Wharf and now used broadly in facilities management, e-permits delivers control of contractors and a reduction of risk to over 60 blue-chip clients in the UK and abroad.

Based in Toronto, Canada, ContractorCheck is a specialist company providing health and safety pre-qualification and contractor management accreditation. The business works with companies across Canada by assessing and accrediting contractors to legislative and client requirements. Its services help clients to maintain compliance and reduce risk when engaging with contractors. This acquisition expands Alcumus’ North American offering, following the acquisition of eCompliance in 2019.

Alyn Franklin, Alcumus CEO said: “Alcumus has a strong mission that requires expert solutions: we help make workplaces better and safer, and businesses stronger. In the UK, Banyard Solutions will integrate seamlessly within Alcumus’ other divisions and will further enable us to provide solutions at every step of the contractor management cycle. In North America, where we already have an existing business based in Toronto, the acquisition of ContractorCheck provides greater opportunities for us to provide clients with risk management and compliance solutions where our expertise is highly relevant. North America is the largest, highest growth market in the world and Alcumus is well placed to serve local clients as well as global companies”.

Simon Olliff, Managing Director and Co-founder of Banyard Solutions said: “e-permits has an excellent track record of ensuring worker safety through work authorisation and permit-to-work. We’re excited to become part of Alcumus as it will enable our clients to complete the digitalisation of all their safety processes and workflows, further reducing their risk profiles and driving business growth”.

Chris Kelson, CEO and co-founder of ContractorCheck said: “At ContractorCheck, we are committed to making workplaces safer and helping our clients reduce risk, by tackling the administrative legwork of health and safety due diligence and contractor management. Alcumus’ deep subject matter expertise and holistic vision to create better workplaces and stronger, more resilient businesses was inspiring and we are excited to become part of a global leader”.

Alyn Franklin, Alcumus CEO adds: The two new acquisitions we’ve made will help to support our growth ambitions, drive improved business performance and expand our range of risk management solutions to enable us to support our clients. It is a real testament to the strength and resilience of Alcumus that we are able to make these acquisitions in such uncertain times.”