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

Luxury Kennels & Cattery
Yorkshire and the Humber, UK

Luxury kennels and cattery with professional grooming parlour (licensed for 142 dogs and 26 cats) in Peterborough for Sale. An opportunity to acquire this luxury kennels and cattery with stunning spacious four bedroom detached residence which must be...

Asking Price: £1,500,000
Turnover: £522,542

LEASEHOLD


Haulage Business
South Wales, Wales, UK

The business has been established for a number of years and has been owned and operated by the founder since that date. Offers invited.

Asking Price: £850,000
Turnover: £2,595,443

FREEHOLD


Air Treatment Company
Northern Ireland, UK

Established in the late 1970s, this business is now one of the leading air treatment companies in Ireland. The business is highly accredited and provides a diverse range of products. Offers invited.

Asking Price: £425,000
Turnover: £1,500,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
22
 
Mar
 

Scunthorpe nightclub up for sale | BUSINESS SALE

A former nightclub based in Scunthorpe has been put up for s...

 
21
 
Mar
 

Kent Logistics provider completes a successful acquisition | BUSINESS SALE

A Kent-based personalised logistics provider, backed by Livi...

 
20
 
Mar
 

Warrington construction company enters administration | ADMINISTRATION

A prominent construction business headquartered in Orford Gr...

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