Construction News

Tue January 18 2022

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Premier Technical adds building access capacity

10 Jan Premier Technical Services Group (PTSG) has completed the acquisition of Altrincham-based Nationwide Specialist Services (NSS).

NSS specialises in exterior cleaning and maintenance of tall buildings
NSS specialises in exterior cleaning and maintenance of tall buildings

NSS was created in 2019 from the merger of Nationwide Window Cleaning and High Access with the backing of BGF (formerly the Business Growth Fund). It also includes Falkirk-based platform hire company Outreach Access and the former truck-mounted platform business AA Access.

In the year to June 2020 it made a pre-tax loss of £3.7m on turnover of £27m. The year before (pre Covid), it lost £6.8m on £32m turnover.

The acquisition of Nationwide Specialist Services by Premier Technical Services Group creates a combined business employing 2,300 people across 47 sites.

Headquartered in West Yorkshire, PTSG is jointly owned by Warburg Pincus and Macquarie Capital Principal Finance.  It has five divisions: Access & Safety, Electrical Services, Building Access Specialists, Fire Solutions and Water Treatment.

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In the year to December 2019 PTSG made a pre-tax loss of £2.0m on revenue of £134m.

PTSG chief executive Paul Teasdale said: “This fantastic acquisition increases the capacity of PTSG’s experienced Building Access Specialists team, complementing the work of our highly trained specialists who excel in all access methods – cleaning, repairing and maintaining every kind of building and structure.”

He added: “Having followed NSS’s impressive progress in recent years, this acquisition will help to cement our position as the UK’s leading niche specialist services provider. We look forward to supporting NSS to reach its full potential.”

NSS chief executive Niel Bethell, who founded High Access in 2005, said: “In PTSG, we’ve found the ideal home for NSS as their values match ours and they have the same uncompromising commitment to customer service and working in the safest way. Paul and his team have taken a keen interest in our progress over the years, so this feels like the perfect partnership.”

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