21 January 2019 | Herpreet Kaur Grewal
Premier Technical Services Group Plc (PTSG) has announced the acquisition of Trinity Fire & Security Systems Ltd. (Trinity), a fire and security provider with its head office in Exeter.
Paul Teasdale, CEO at PTSG, said: "Trinity brings with it 2,000 customers, 8,500 one-to-seven-year maintenance contracts, £24 million of re-occurring revenue and an annual run rate of circa £40 million, with a forecasted EBITDA of £2.2 million."
PTSG already has a customer base of over 18,000 customers.
PTSG said that Trinity "is a highly complementary and attractive acquisition" because "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".
Trinity's current main shareholders, including Andrew Cotton, Paul Clayton, Shaun Corbett and Rob Holliday will remain in the business to grow and expand its operations, which will be integrated into PTSG's Fire Solutions Division.