Christmas came early for Premier Technical holders. During the month the company announced a recommended cash offer of 210.1p per share from Macquarie to value the group at £265.3m. The offer represents a whopping 141.5% premium to the 87p share price the day before the offer.
Net ...Read more
I’ve just come away from meeting CEO Paul Teasdale post the release of 2018 results. Helped by the two recent acquisitions performing better than expected (M&P Fire running 80% ahead of when bought and Guardian +50%), sales are up 31% to £69.1m, operating profit +40% to ...Read more
There was another upgrade after PTSG bought Trinity Fire & Security. Established 22 years ago, Exeter-based Trinity specialises in testing, maintenance and installation of fire and security systems. PTSG is paying £10.8m in cash upfront plus up to £5m based on performance over ...Read more
PTSG has announced a placing of 12.7m new shares at 157.5p to fund acquisitions.
It has already agreed terms to buy Guardian Electrical Compliance for an initial £11m on a cash and debt free basis. There is also a deferred consideration of up to £4m if Guardian grows by 20% in ...Read more
PTSG has completed the bolt on acquisition of Maidstone based M&P Fire Protection, a specialist in the installation and maintenance of sprinkler, dry and wet riser systems. PTSG has paid £3.5m (£1m upfront with remainder over five years based on performance). The business had ...Read more
At the AGM, PTSG said that contract renewal rates remain high and a number of significant three to five year contracts and framework agreements have been signed across all disciplines. PTSG is particularly pleased with the improvement in the contract renewal rates for BEST since its acquisition ...Read more
Skyscrapers, once almost exclusively a product of North America, are spreading across the globe at an ever-increasing rate. Driven by population growth, the number of high rise office blocks and residential towers in London is at a record, attracting opprobrium and being accused of assaulting ...Read more