The Citation Group
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The Citation Group - overview
Established
1995
Location
-, Cheshire, UK
Primary Industry
Outsourcing
About
Based in the UK, The Citation Group offers integrated services focused on enhancing workplace safety, compliance, and productivity for various businesses. Their expertise supports organizations in navigating complex regulatory environments. The Citation Group specializes in compliance and safety solutions for businesses. Founded in 1995 in the UK, the company has undergone strategic growth, receiving funding through a Secondary Buyout led by KKR, raising GBP 25.
8 mn in December 2024. The firm has completed a total of 6 deals, with its most recent deal occurring on December 18, 2024. Chris Morris serves as the CEO, guiding the company's vision and operations. The Citation Group provides a range of integrated services designed to enhance workplace safety, compliance, and productivity for businesses across various sectors.
Their core product offerings include background screening checks, cybersecurity solutions, health and safety consulting, HR and absence management services, e-learning programs, and employment law advisory services. Designed to cater to small and medium enterprises (SMEs), these services aim to safeguard businesses against potential risks and legal challenges while fostering a healthier work environment. The company also offers ISO and NDIS certifications along with SSIP accreditation, helping organizations achieve compliance with industry standards and improve their competitive edge in securing larger contracts. Citation Group serves a diverse client base, including businesses in the UK, Australia, New Zealand, and Canada, providing them with essential tools to manage compliance and operational efficiency effectively.
The Citation Group generated revenue of GBP 83. 13 mn in 2022, with an EBITDA of GBP -0. 35 mn for the same year. The company operates mainly through subscription-based models, offering clients continuous access to their compliance software and consulting services, thereby ensuring long-term partnerships that facilitate ongoing support in HR management, safety training, and certification processes.
The Citation Group plans to leverage its recent funding to accelerate international expansion and drive AI innovation. The company aims to introduce new products tailored to enhance compliance and operational efficiency and is targeting entry into additional markets by the end of 2025. The deal with HarbourVest Partners will support these initiatives, as part of a strategy to reinvest in the business alongside KKR and Hg.
Current Investors
KKR, Hg
Primary Industry
Outsourcing
Sub Industries
Consulting Services, Human Resources Services, Education & Training Services
Website
thecitationgroup.com/
Company Stage
Mature
Total Amount Raised
Subscriber access only
The Citation Group - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | foundU Holdings Limited | - | ||||||||
| Secondary Buyout | Completed | The Citation Group | - | ||||||||
| Add-on, Trade Sale | Completed | Agendrix, Inc. | - | ||||||||
| Add-on | Completed | QuiqSolutions Ltd | - | ||||||||
| Add-on | Completed | Timetastic Ltd. | - |
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