Macquarie completes acquisition of the UK’s Premier Technical Services Group for more than £300 Million

London, 31 Jul 2019

Macquarie’s Principal Finance business (Macquarie) has today announced the successful completion of its latest private equity investment, the acquisition of the UK’s Premier Technical Services Group (PTSG) - at an enterprise value of over £300 million. 

PTSG is a leading provider of specialist health and safety testing and services in the United Kingdom (UK), including façade access and fall arrest equipment services, lightning protection and electrical testing, specialist building access and fire services. Headquartered in West Yorkshire, England, PTSG employs around 1,200 people across 31 UK sites, servicing more than 180,000 buildings in the UK, across a wide range of industries.

Following positive dialogue with Macquarie, the Board of Directors of PTSG unanimously decided to recommend Macquarie’s cash offer in June this year, with shareholders voting in favour of the proposed takeover in late July. The process has been overseen by The Panel on Takeovers and Mergers in the UK and was fully sanctioned in court yesterday. Completion of the acquisition will see PTSG delisted from the London Stock Exchange from 1 August 2019.

PTSG will now benefit from access to Macquarie's flexible balance sheet funding, which will support the company to continue with its acquisitive growth strategy, driven by Chief Executive Paul Teasdale and Managing Director Roger Teasdale who retain their roles and continue to lead the firm.

PTSG's Chief Executive Paul Teasdale commented: “We have been on an incredible journey so far with PTSG and we look forward to taking the business to a new level with the support of the Macquarie’s Principal Finance team. With access to the capital and expertise brought by the Macquarie platform we are positioned to capitalise on the strong opportunities we see in health and safety testing and compliance.”

Adam Joseph, a Senior Managing Director for Macquarie’s Principal Finance team, said: “We are delighted to have completed this transaction, which continues our track record of investing in high quality, resilient businesses with substantial recurring revenue characteristics. From carve out transactions to minority partnership capital or public-to-privates, we seek out opportunities involving situational or transactional complexity, allowing us to back great businesses at fair prices. We look forward to supporting the strong management team at PTSG to continue their success story.” 

Macquarie has had a presence in the UK for 30 years, opening its London headquarters in 1989. Today, Macquarie is one of the largest investors in the UK, having invested and arranged more than £40 billion in infrastructure projects since 2005. Since 2009 Macquarie’s Principal Finance team has provided financing and investment capital on a flexible and bespoke basis for over 500 companies, deploying over £22 billion globally. 

Media enquiries

Victoria Webb
Corporate Affairs, Macquarie Group
+44 (0)203 037 2031  

About Macquarie Group

Macquarie Group Limited (Macquarie) is a diversified financial group providing clients with asset management and finance, banking, advisory and risk and capital solutions across debt, equity and commodities. Founded in 1969, Macquarie employs 15,715 people in 30 markets. At 31 March 2019, Macquarie had assets under management of £305.8 billion. For further information, visit

About PTSG 

PTSG, headquartered in West Yorkshire was founded in 2007 with the objective of building the UK’s leading provider of tech-enabled specialist testing and compliance services through a combination of acquisitions and organic growth. The company has four divisions Access & Safety, Electrical Services, Building Access Specialists, and Fire Solution and has over 1,200 employees serving over 20,000 customers across 180,000 assets.

This information is a general description of the Macquarie Group only. Before acting on any information, you should consider the appropriateness of it having regard to your particular objectives, financial situation and needs and seek advice. No information set out above constitutes advice, an advertisement, an invitation, a confirmation, an offer or a solicitation, to buy or sell any security or other financial, credit or lending product or to engage in any investment activity, or an offer of any banking or financial service. Some products and/or services mentioned on this website may not be suitable for you and may not be available in all jurisdictions. All securities and financial products or instrument transactions involve risks. Past performance of any product described on this site is not a reliable indication of future performance.