Jamieson is pleased to announce that it has advised Paul Teasdale (CEO), Roger Teasdale (Managing Director) and the management team of PTSG in connection with the investment in the business by Warburg Pincus. As part of the transaction, Macquarie Capital Principal Finance, who acquired a majority stake in the business in 2019 following a take-private transaction, will partner with Warburg Pincus in order to support the next phase of PTSG’s growth.
PTSG is a leading provider of specialist building compliance services, including fire and electrical compliance services, fall protection and façade access services. Headquartered in West Yorkshire, England, PTSG employs around 1,400 people across 37 UK sites, servicing more than 180,000 buildings in the UK, across a wide range of industries.
“We are delighted to have secured this new investment from Warburg Pincus and to have the continued support of our existing partner Macquarie Capital in our next stage of growth. Together we will continue to cement our position as a leading provider in the compliance services market and continue to consolidate the sector.
The guidance and advice given by the Jamieson team was incredibly helpful and assisted us to achieve a great outcome. They were a pleasure to do business with once again.”
Paul Teasdale, CEO
The transaction remains subject to the approval of antitrust authorities and the financial terms are undisclosed.
Ian Jamieson, Stephen Maxwell, Gus Gayford and Fionn Dillon Kelly 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.