PTSG | Macquarie Capital Private Equity Investment Europe

Company background

PTSG provides regulation-driven services which includes recurring testing, inspection, repairs, maintenance and installation to approximately 20,000 customers in the UK. It is active across a number of end markets including fire safety, electrical safety, fall protection and water testing.

What attracted us

Market growth driven by regulation and insurance requirements
Resilient and non-cyclical business model
Scaled leader with right to continue outgrowing the market through best-in-class operating model
Opportunity to accelerate growth in key segments
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Our value creation strategy

Continue UK expansion through organic growth within existing business areas and locations
Organically grow the recurring testing, inspection and maintenance business
Drive consolidation of the UK market by executing on identified acquisition targets
Strengthen internal capabilities and Institutionalise best practices and processes

In May 2021, Macquarie Capital Principal Finance disposed part of its stake to Warburg Pincus, but continues to hold a material stake and is jointly driving the business agenda along with Warburg Pincus and management.

We look forward to taking the business to a new level with the support of Macquarie’s Principal Finance team. With access to the capital and expertise brought by the Macquarie platform we are positioned to capitalise on the strong opportunities we see in health and safety testing and compliance."

Paul Teasdale
Executive Chair, PTSG

We are delighted to have completed this transaction, which continues our track record of investing in high quality, resilient businesses with substantial recurring revenue characteristics. From carve out transactions to minority partnership capital or public-to-privates, we seek out opportunities involving situational or transactional complexity, allowing us to back great businesses at fair prices. We look forward to supporting the strong management team at PTSG to continue their success story."

Adam Joseph
Head of Private Equity Europe, Macquarie Capital