BGF has exited its investment in North West-headquartered NSS to Premier Technical Services Group (PTSG), delivering ‘excellent returns for all shareholders’.
NSS is a specialist services provider, covering all aspects of external building maintenance – including window and technical cleaning, testing and platform hire – to the retail, commercial property, events, healthcare and distribution markets.
BGF initially backed NSS – which was formed by a merger with another BGF portfolio company – in July 2016 with GBP3.3 million to support its national roll-out and acquisition strategy. Since then, the company has made four acquisitions to expand its geographical footprint and specialisms, grow its fleet and enter new markets, making NSS one of the largest independent businesses in the sector. EBITDA has grown five-fold during the investment period.
