Premier Technical Services Group - Complementary Electrical Services acquisition
Premier Technical Services Group (PTSG) is expanding its Electrical Services divisional portfolio via the acquisition of Guardian Electrical Compliance, a complementary national testing and compliance company. A £20m placing has funded this £12m deal and provides finance for additional ones that appear to be well advanced. On a full-year basis, Guardian alone enhances our FY19 and FY20 EPS by c 4%, with the prospect of more to come, subject to concluding further deals.Premier Technical Services Group is engaged in the maintenance, inspection, testing, repair and installation of permanent facade access equipment, fall arrest systems and lightning protection systems together with fixed wire and portable appliance testing and cleaning and fire solutions. Co. has four divisions: Access and Safety, which is a supplier of fall arrest systems and safety testing services; Electrical Services, which provides lightning protection, surge protection, specialist earthing and electrical testing; Building Access Specialists, which provides cleaning and refurbishment work; and Fire Solutions, which provides service for a range of fire prevention and suppression systems.
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