KBS Corporate Advise on Sale of R. Langston Jones Ltd
KBS Corporate has assisted with the successful acquisition of R. Langston Jones Ltd by Premier Technical Services Group PLC (PTSG).
Premier Technical Services Group PLC (PTSG) is the UK’s leading provider of façade access and fall arrest equipment services, lightning protection and electrical testing, high-level cleaning and specialist electrical and mechanical services. Headquartered in Castleford, West Yorkshire, the company employs over 220 people across nine UK sites, servicing more than 100,000 buildings for more than 8,000 customers.
The deal will see PTSG Group’s geographical expansion into the Midlands as part of its buy and build strategy; looking to increase market share, customer base and service offering.
With a UK wide customer base of circa 400, including several large organisations, R. Langston Jones is a supplier of electrical testing services, with a roster of highly trained and experienced employees operating throughout the UK.
Paul Teasdale, PTSG Group CEO, said, “We are delighted to welcome Langstons as our latest addition to the group; this acquisition enables us to continue to build the UK’s largest electrical testing business and extend our geographical coverage.
We are fully committed to the continuation of a successful strategy of achieving market leadership across the sectors in which we operate, and this acquisition increases the exposure of our brand to new and existing clients.”
KBS Corporate identified a number of interested parties using our Professional Network of retained buyers, along with a tailored and extensive research strategy. The opportunity received two serious offers, with PTSG Group providing the most strategic fit and enabling Alex King, R. Langston Jones’ MD, to pursue retirement after a short handover period.
KBS Corporate’s Tom Eatough handled the deal and said, “It was a pleasure working with Alex and I am pleased with the result. The process was a real success and it resulted in Alex having the pick of two acquirers. I wish both parties all the best.”