Corporate Acquisition: MSM Environmental Services

We are pleased to announce the acquisition of MSM Environmental Services Limited which will become part of our Group.

Founded by Andrew MacDonald and William Smith over 20 years ago, MSM provides a full range of specialist water treatment and gas services to both private and public-sector customers from its established operating base in Bury, Greater Manchester.

The acquisition of MSM provides TECS with an entry point into these regulation driven markets and is fundamentally in-line with our strategy to develop a leading integrated provider of specialist services to the built–environment. Furthermore, the Company also gains access to an established and highly-skilled engineering base, new operating geographies and exposure to customers who will benefit from the wider services offered by the Group.

Andrew Macdonald will remain with the business in the newly created role of Head of Gas & Water and will be directly responsible for the day-to-day operations of this division. The key members of MSM’ operational management team will also remain within the business.

Rory Chichester, CEO of TECS Group said: “We continue to focus on the demand for services that are critical to our customers and covered by strict regulation or legislation. The acquisition of MSM further enhances the breadth of specialist services we are able to self-deliver and enhances our market position, whilst ensuring we are able to fully control the delivery and standards of these services to our customers with our bespoke management and reporting systems.

The MSM business benefits from strong recurring revenues, longstanding customer relationships and will further strengthen our national service delivery capabilities.We continue to focus on businesses that provide services that are operationally critical and generally covered by strict regulation or legislation, where customers require a single specialist outsourced provider with regional or national coverage”