The electrical and building services firm Premier Technical Services Group Plc (PTSG) has bought Trinity Fire & Security Systems Ltd (Trinity) the Exeter-based fire and security installer.
Paul Teasdale, Castleford-based PTSG’s CEO, said: “Trinity brings with it 2,000 customers, 8,500 one to seven-year maintenance contracts, £24m of reoccurring revenue and an annual run rate of circa £40m with a forecasted EBITDA of £2.2m. This, combined with PTSGs already extensive customer base of over 18,000 customers, shows the potential we have in growing this business.”
He described Trinity as a highly complementary and attractive acquisition. “Critically, it fits our clear acquisition model by presenting significant opportunities for cross-selling additional PTSG services whilst supporting our long-term goal of sector dominance. The transaction also reflects our determination to grow further our revenues from compliance-related services that now stand at record levels.”
PTSG added that Trinity’s main shareholders, including Andrew Cotton, Paul Clayton, Shaun Corbett and Rob Holliday will remain in the business, which will be integrated into PTSG’s Fire Solutions division.
