Third acquisition in six weeks for PTSG

PTSG has continued its pre-Christmas shopping spree with its third acquisition in six weeks, buying a West Midlands electrical safety testing company. The Castleford business, which floated on the stock market in February, has paid £700,000 for Langston Jones.

Paul Teasdale, chief executive of PTSG, said: “This is a highly complementary acquisition, which instantly expands the Group’s client base into new geographical territories and provides another key office location, the West Midlands, from which to grow our business.”

Mr Teasdale added: “Langston Jones also brings additional expertise and knowledge to our existing portfolio of electrical testing services with its bias towards portable appliance testing, whereas PTSG’s focus has historically been on electrical installation testing.”

See the article in full at BusinessDesk.com

Important information

This information is of a general nature and does not constitute an offer to provide services.

The opinions and conclusions given here are those of Seneca Partners and are subject to change without notice.

The value of investments and/or any income arising from them may fluctuate.

Past performance is not necessarily a guide to future performance.

Important notice

The products and services shown on this website place capital at risk. Investors may receive less in returns than they have invested. Investments may not allow for capital to be withdrawn on demand. If an investment provides tax relief then this relief is subject to change and is dependant on personal circumstances. Any reference to past performance or forecasted performance is not a reliable indicator of future performance.

Seneca Partners recommends that any investor seeks specialised financial and/or tax advice before investing. Seneca Partners does not provide advice and the information on this website, including but not limited to news, should not be construed as such.

Please confirm that you understand this warning and wish to proceed.