Warburg Pincus Gets a Piece of Premier Technical Services Group

Posted on 05/17/2021

Warburg Pincus LLC and Macquarie Capital Principal Finance jointly acquired a majority stake in Premier Technical Services Group Ltd, a company involved in compliance services in the United Kingdom. Headquartered in West Yorkshire, England, Premier Technical Services Group employs around 1,400 people across 37 U.K. sites, servicing more than 180,000 buildings in the U.K., across a wide range of industries. Premier Technical Services Group operates four discrete but complementary divisions: Access & Safety, Electrical Services (including Britain’s biggest lightning protection business), Building Access Specialists, and Fire Solutions.

Macquarie Capital acquired a majority stake in Premier Technical Services Group in 2019 in a take-private transaction. Since then, Premier Technical Services Group has benefitted from access to Macquarie Capital’s flexible balance sheet funding, which has allowed the company to continue with its ambitious growth strategy, driven by its founding management team.

The transaction remains subject to the approval of antitrust authorities and the financial terms are undisclosed.

Kirkland & Ellis advised Warburg Pincus.

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