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Announced

Premier Technical Services Group plc proposed acquisition of Guardian Electrical Compliance Ltd.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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testing

Private

Friendly

Test Inspection and Certification (TIC)

Pending

Single Bidder

Acquisition

electrical inspection

United Kingdom

Synopsis

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Premier Technical Services Group plc, the niche specialist services provider, today announced the proposed acquisition of Guardian Electrical Compliance Ltd, a market leading electrical testing and compliance company headquartered in Sheffield, for an initial cash consideration of £12.0m. "Guardian is a highly complementary and attractive acquisition. It has an exceptional growth track record, management team and large blue-chip customer base. Critically it fits our clear acquisition model by presenting significant opportunities for cross-selling additional PTSG services as well margin improvement whilst supporting our long-term goal of sector dominance." Paul Teasdale, CEO of PTSG

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