Group purchases fire protection firm

Fri, 06 Jul 2018 | BUSINESS SALE

Yorkshire-based Premier Technical Services Group plc (PTSG) has paid £3.5 million to acquire M&P Fire Protection Ltd that will be integrated into PTSG’s Fire Solutions services.

M&P Fire Protection is located in Maidstone, Kent and run by business partners Michael Thackery and Paul Atkins. The business creates and tests sprinklers and wet/dry riser systems for buildings, and claims to be a specialist in the installation and maintenance of such services.

The Castleford-headquartered Group will deposit an initial cash down payment of £1 million, and will pay the remaining £2.5 million recurrently over the next five years, providing it delivers on its profitability targets.

PTSG will retain M&P Fire Protection’s management group upon the completion of the deal, with Thackery and Atkins continuing to provide their services to assist with the growth of the team.

It was reported that M&P reached revenues of £2.1 million by the end of March 2017, with profits of £200,000 before tax.

Chief executive Paul Teasdale of PTSG said: “We are delighted to welcome M&P Fire Protection Ltd. To the Group. This acquisition extends the service offering of our fire solutions division and complements our wider provision as the UK’s largest niche specialist service provider.

“We are fully committed to the continuation of our successful strategy of achieving market leadership across the sectors in which we operate, and this acquisition strengthens our geographical coverage within the fire protection sector, particularly in London and the South East.

“We look forward to working with Paul and Michael and their colleagues to grow the business and expand the group’s activities in these key areas.”


Share this article



Latest Businesses for Sale

Body Shop Repair Centre
West Midlands, UK

Experience in working with all makes of cars and light commercial vehicles. Established for over 50 years. The Company has been established for over 50 years, operating a well-run, cash-generative, fully equipped body shop. In recent years, there has...

Asking Price: Offers Invited
Turnover: £1,600,000

FREEHOLD


Service Repair MOT Garage
Cheshire, UK Wide

Extremely well-presented MOT and car repair business located in Winsford, Cheshire. The business was established over 50 years ago and our client has been trading for 30 years. During this time the seller has built up an excellent reputation, generat...

Asking Price: Offers Invited
Turnover: £315,000

FREEHOLD


Commercial Window Cleaning Business
Manchester, UK Wide

Covers a wide area including Greater Manchester, Liverpool & Leeds. Established blue chip Client base. Key sectors covered. Education, health care, commercial property & local authority. Staff are trained to the British standard Tag Abseil Supervisor...

Asking Price: £720,000
Turnover: £500,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
20
 
Sep
 

Thomas Cook seeking 'last-ditch' fire sale | BUSINESS SALE

Thomas Cook Group is reportedly trying to piece together a l...

 
19
 
Sep
 

Smith & Williamson and Tilney to merge | MERGER

After revealing in August this year that talks were in place...

 
18
 
Sep
 

Infrastructure investment manager takes stake in LJLA | BUSINESS SALE

Infrastructure investment management group, Ancala Partners,...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources