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Wilmington plc Expands GRC Services with Phoenix Health & Safety Acquisition

LONDON – Wilmington plc (LSE: WIL), a notable player in the Governance, Risk and Compliance (GRC) sector, has announced the acquisition of Phoenix Health & Safety (UK) Limited for an initial cash payment of £30.25 million. This strategic move, disclosed today, is designed to bolster Wilmington’s educational capabilities in the health, safety, and environmental (HSE) sectors.

Phoenix Health & Safety stands out as a leading provider of workforce health and safety training in the UK, enhancing Wilmington’s portfolio, which recently included the acquisition of Astutis in November 2023. This acquisition positions Wilmington advantageously within the growing HSE training market, a sector gaining momentum due to increasing regulatory demands and heightened emphasis on environmental, social, and governance (ESG) factors.

The acquisition will be financed through Wilmington’s current cash reserves, with additional payments tied to Phoenix’s performance up to March 31, 2028. The company expects that this acquisition will have a beneficial impact on earnings within the first year of ownership.

Mark Milner, CEO of Wilmington, expressed optimism regarding the acquisition, emphasizing that Phoenix Health & Safety aligns seamlessly with the company’s strategic objectives in GRC. Milner highlighted his confidence in Phoenix’s management team, its positive customer outcomes, and its sound financial situation.

Founded in 2005 by Nick Higginson, Phoenix Health & Safety has established itself as a significant entity in health and safety training, offering an array of courses accredited by NEBOSH and IOSH. The company’s expertise in digital learning represents a promising area for growth in collaboration with Wilmington.

Based in Cannock, England, Phoenix Health & Safety employs over 50 staff members and has demonstrated consistent organic growth. With a diverse range of more than 50 training courses delivered through various methods, Phoenix is viewed as a valuable asset for Wilmington as it seeks to enhance its educational services in the GRC sphere.

This acquisition aligns with Wilmington’s broader strategy of investing in entities that demonstrate strong leadership and sustainable competitive advantages within appealing market sectors. The insights for this article stem from a detailed press release.

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