A majority stake in specialist services provider Premier Technical Services Group (PTSG) is set to be acquired by private equity firm Warburg Pincus. The investor has entered an agreement with Macquarie Capital Principal Finance to jointly acquire a majority stake in the Castleford-headquartered company.
PTSG is a provider of niche specialist services to the construction and FM sectors through four divisions; Access & Safety, Electrical Services, Building Access Specialists and Fire Solutions. It has 37 service centres and more than 20,000 customers nationwide.
The partnership between Warburg Pincus and Macquarie Capital is expected to support PTSG’s development, providing the business with additional resources and funding to accelerate its organic growth and consolidation strategy.
Read more/Source: Insider Media
