CHAS Acquired by Veriforce
CHAS 2013 Ltd, the provider of compliance and risk management solutions, is to be acquired by supply chain risk company Veriforce for an undisclosed fee. Established...
Read Full ArticlePremier Technical Services Group has made another major purchase, this time Guardian Electrical Compliance based in Sheffield.
Paul Teasdale, Group CEO, said: “This marks a step-change in PTSG’s growth story as we substantially enhance our position in electrical services. Guardian is a highly complementary and attractive acquisition. It has an exceptional growth track record, management team and large blue-chip customer base. Critically it fits our clear acquisition model by presenting significant opportunities for cross-selling additional PTSG services as well as margin improvement 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."
Guardian brings with it its proprietary ‘TraQ-It’ software, an interactive online portal. Teasdale believes this is a unique and clearly differentiated product in the market and its combination with PTSG’s Clarity platform will produce a compelling proposition for PTSG’s existing and new customers.
Guardian’s current owners, including Ian Carnall, John Quick, Richard Roebuck and William Sutherland, will remain in the business to grow and expand its operations, which will be integrated into PTSG’s Electrical Services division.
Picture: Guardian Electrical Compliance based in Sheffield will become part of the ever growing PTSG Group.
Article written by Brian Shillibeer | Published 18 October 2018
CHAS 2013 Ltd, the provider of compliance and risk management solutions, is to be acquired by supply chain risk company Veriforce for an undisclosed fee. Established...
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