Jamieson is pleased to announce that it has advised Paul Teasdale (CEO and co-founder), Roger Teasdale (Managing Director) and their management team during the public-to-private transaction backed by Macquarie Principal Finance.
PTSG is the UK’s leading provider of façade access and fall arrest equipment services, lightning protection and electrical testing, specialist building access and fire solutions. The company was founded in 2007 with the objective of building the UK’s leading provider of tech-enabled specialist testing and compliance services and listed in 2015. It has grown both organically and through acquisitions and currently has over 1,200 employees serving over 20,000 customers across over 180,000 assets.
The transaction, which valued the share capital of PTSG at approximately £265.3m, was effected pursuant to a scheme of arrangement. PTSG shares were de-listed on 1 August 2019.
Paul Teasdale said: “The
guidance and advice given by Jamieson Corporate Finance was very professional
and incredibly helpful. I would like to thank the team for the way in which
they supported us through this successful deal. They were a pleasure to do
Ian Jamieson, Stephen Maxwell and Gus Gayford advised Paul Teasdale, Roger Teasdale and the management team on their reinvestment in the new structure as well as the terms of the new management equity incentive.