PTSG pays out £390,000 in shares from 2014 deal

CASTLEFORD’S Premier Technical Services Group (PTSG) has paid a further £390,000 in shares to the former owner of Acescott Management Services.

Acescott, a London-based high level cleaning, rope access and working at height company, became part of PTSG in July 2014. 458,190 shares have now been issued as part of the sale agreement.

PTSG bought Acescott during its current acquisitive streak, that peaked with the purchase of five businesses in two months at the end of 2015 .

The group, which floated a year ago, is looking to grow its geographic footprint and increase market share in areas where it already works.

PTSG has seen its market value increase by £30m to £75m in its first year as a public company.