Yorkshire’s PTSG in £3.5m swoop for Kentish sprinkler firm

Yorkshire’s Premier Technical Services Group plc (PTSG) has acquired a Kentish firm that installs, maintains and tests sprinkler systems.

Castleford-based based PTSG is paying a total consideration of up to £3.5m for M&P Fire Protection Ltd, which will retain its management team following the deal.

The company, run from a facility in Maidstone, is led by business partners Mike Thackery and Paul Atkins.

M&P Fire Protection Ltd achieved revenues of £2.1m in the year to March 31 2017, with a pre-tax profit of £200k.

Paul Teasdale, chief exec 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.”

He added: “We wish M&P Fire Protection Ltd. a warm welcome into the PTSG group of companies and look forward to working with them in the future.”