PTSG buys out two Sheffield firms in acquisition spree

​Specialist services provider​ Premier ​Technical Services Group has made two more acquisitions as it continues its expansion drive.
By The Newsroom
Published 1st Dec 2015, 16:37 BST

The Castleford-based firm has bought Access Contracting for up to £1.3m and Lightning Protection Testing for £300,000.

Access Contracting is a specialist in the maintenance, inspection, testing, repair and installation of permanent facade access equipment, based in Sheffield

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PTSG will pay an initial £1.0m and a maximum of £300,000 in deferred payments over three years.

Access Contracting ​made revenues of ​​ £1.4m​ ​in the year ​to ​March​ 31 and pre-tax profits of £300,000.

Lightning Protection Testing​ is a tester, repairer and maintainer of lightning protection and earthing systems, also based in Sheffield.

​The group made revenues of £200,000 in 2014 and made a pre-tax profit of £100,000.​

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​​Paul Teasdale, CEO of PTSG, said: “We warmly welcome Access Contracting and LPT to the PTSG Group. Both businesses are well established and respected in the UK and their addition to the group will further increase our market share in their respective specialisms.

“We have always considered Access Contracting to be an excellent business with a first class team of people. We look forward to working with Nick Hayes and his colleagues on growing the business and expanding the group’s activities in these key areas.”​

Related topics:SheffieldCastleford