PSI sale stands up to close inspection

KBS Corporate has advised on the acquisition of Manchester-based PSI Inspection Services Limited by Aquatronic Group Management Plc.

PSI Inspection Services Ltd provides an independent engineering inspection service, offering a fully integrated statutory and non-statutory inspection service covering all types of Engineering Plant including Pressure Systems, Lifting Equipment, LEV Plant, Electrical Equipment and other types of machinery.

The company, which was brought to the market due to our clients’ intentions to retire, attracted a wide range of interest before a deal was agreed with AGM plc.|Headquartered in Colchester, AGM plc was created as a holding company and is seeking to expand its group through the acquisition of companies which complement the existing range of services and products. Current brands within the AGM group include: AquaTech Pressmain; Acorn; ESIS, Autron; and Warmac.

Matthew Sibley of KBS Corporate managed the deal on behalf of our clients with legal advice provided by Gateley Plc.